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Elon, Kimbal Musk insider-trading investigation may be tough to pursue

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Elon Musk’s brother Kimbal Musk applauds to him at a briefing after the launch of a SpaceX Falcon 9 rocket and Crew Dragon spacecraft on NASA’s SpaceX Demo-2 mission to the International Space Station from NASA’s Kennedy Space Center in Cape Canaveral, Florida, U.S. May 30, 2020.

Jonathan Ernst | Reuters

Coincidence or stock tip?

That’s the question behind the reported insider-trading investigation by the SEC into Kimbal Musk’s sale of Tesla shares before Elon Musk made his own stock sale plans public. According to the Wall Street Journal, the SEC launched its investigation after Kimbal Musk sold $108 million of his stock a day before Elon Musk polled Twitter users about selling 10% of his…



Source cnbc.com

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