Elon Musk’s younger brother, Kimball, appears to be making more than $ 8 million on Tesla’s stock this week, when he used stock-buying options, then he sells those shares 6.5 times the price he paid.
Good time for Congregation member Kimball, as the stock was sold on Tuesday, with some sales above the record closing price of 498.32 on Monday.
Stock TSL ,.
The previous intraday loss bounced sharply at 2.18..38 on Friday to replace the loss of 8..6%. The stock slipped to a three-day losing streak, but fell 16.1% even after Monday’s record close.
Weekend reads:Early warning sign for Tesla stock
The 5-for-1 stock split sold out this week after it went into effect on Monday, and Tesla announced a ઓફ 5 billion stock offer and a major shareholder reduced its stake.
Don’t miss out:Tesla’s stock sank to remove the correction again after the revelation of another big seller
As of September 1, Kimball Musk, 36,375, according to a marketwatch calculation of data filing Form 4 with the Securities and Exchange Commission, filed late Thursday. Tesla shares sold at an average weight of about $$ 2.559. The filing shows a number of trades done at prices ranging from about $ 471.33 to about 50 2,502.01.
After closing at 8,498.32 on Monday, the stock reached a all-time high of -502.49 in the first minute of trading on Tuesday, reaching a low of 0 470.51 around 10 a.m. East, then bounced at 10:30 a.m. and reached 2 502.28 . 7 closed down 7.7% at 475.05.
Factset, Marketwatch
The September 3 filing then showed that Kimball Musk bought 20,375 Tesla shares at ભાવ 74.17 as part of a trading plan issued on February 20, 2020.
For the 20,375 shares he sold on Sept. 1 and bought two days later, he made .3 8.32 million in the deal. If it buys back the additional 16,000 shares it sold at its current price, it could earn about 49 1.49 million in the deal.
Meanwhile, according to Factset, the volume-wide average price (VWAP) of Tesla shares on September 3 was $ 412.46. If Kimbel Musk had sold the shares the same day he received them, as fellow board member Kathleen Wilson-Thompson did Monday, and Omot Tomotive president Jerome Gillen did Tuesday, he could have made about 8 6.89 million, or about Did 1.43 million less than that.
Factset, Marketwatch
Kimble Musk, co-founder of Kitchen, has been on Tesla’s board of directors since April 2004. He is a member of the Board’s Compensation, Corporate Governance and Disclosure Control Committee. His return as a Tesla board member in 2019 was $ 20,000 in cash fees.
After this week’s trading, Kimble Musk still owns 638,240 shares of Tesla, the filings show, which was about 7 267.99 million at Friday’s closing price.
Despite the pullback, the stock has risen 400.0% so far this year, compared to the SPX of the S&P 500 index.
Gain of 6.1%.
Another insider earned more than $ 6 million from the Tesla stock trade
Tesla also revealed late Thursday night about the business done by insider Jerome Gulen, which cost him about 4 6.4 million.
The filing of the form shows that Gill was sent to Sept. 15,000 shares were traded at મેળવ 51.64 on the 1st. As part of the trading plan issued on 20 February. On the same day, it sold 15,000 shares at a weighted average price of about 9,479.00. Sales ranged from $ 471.33 to 50 2 502.01. The sale of Kimball Musk has the same range of prices implemented.
Gill joined Tesla in November 2010 and has been president of Automotive since September 2018.
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