1 min read.Updated: 11 Feb 2021, 08:23 AM ISTBloomberg
Kimbal Musk, chief executive officer and co-founder of The Kitchen Restaurant Group, sold 30,000 shares on Feb. 9 at an average price of $852.12
Kimbal Musk, the younger brother of Elon Musk and a Tesla Inc. board member, sold $25.6 million of shares in the electric carmaker, according to a filing with the U.S. Securities & Exchange Commission.
The 48-year-old sold 30,000 shares on Feb. 9 at an average price of $852.12, according to the filing. Tesla shares dropped 5.3% Wednesday to close at $804.82. Tesla soared 743% in 2020 and is up a further 14% this year.