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Kimbal Musk made astir $110 cardinal by exercising Tesla Inc. banal options close earlier his brother, Elon, spent the play asking Twitter users whether helium should merchantability a large chunk of his involvement successful the electric-vehicle company.
According to a filing with the Securities and Exchange Commission, Kimbal Musk — who serves connected Tesla’s committee of directors — exercised his enactment Friday to bargain 25,000 Tesla shares astatine $74.17 apiece, and instantly sold them successful tranches ranging from $1,223 a stock to $1,236 a share, making astir $108.8 million.
Kimbal Musk inactive holds much than 511,000 Tesla shares, worthy astir $594 million, based connected Monday’s closing terms of $1,162.
Tesla shares TSLA, -4.84% sank astir 5% Monday aft CEO Elon Musk said helium would “abide” by a Twitter canvass helium posted Saturday, asking whether helium should merchantability 10% of his shares successful the electric-vehicle company. Voters said “yes.”
Some noted that Elon Musk said successful a September interrogation that helium already planned connected selling a ample artifact of his banal options successful the 4th quarter, and that selling present could prevention him billions of dollars successful taxes, compared to if helium sold them adjacent year.
Tesla shares precocious deed an all-time precocious of $1,243, and are up 65% twelvemonth to day – mostly coming successful the past 3 months. The banal is up an adjacent much awesome 176% implicit the past year.
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