Tuesday, 05 Nov 2024

Elon Musk and brother under investigation for alleged insider trading

Elon Musk and brother under investigation for alleged insider trading


Elon Musk and brother under investigation for alleged insider trading
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According to the report, the investigation began last year after Kimbal sold shares of the electric carmaker valued at $108m, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla.

The stock has fallen about 33% since Musk began selling billions of dollars worth of shares on 8 November, few days after the poll where 58% of voters asked him to sell.

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