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Elon Musk’s brother Kimbal made more than $8 million selling Tesla shares 2 days before he bought them

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Elon Musk’s younger brother, Kimbal, appears to have made more than $8 million on Tesla’s stock this week, as he exercised options to buy the stock, two days after he sold those shares at 6.5 times the price he paid for them.

Good timing for board member Kimbal, as the sale of shares was made Tuesday, with some of the sales executed above Monday’s record closing price of $498.32.

The stock
TSLA,
+2.78%

bounced sharply to close Friday up 2.8% at $418.32 to snap, reversing an earlier intraday loss of as much as 8.6%. The stock snapped a three-day losing streak, but has still tumbled 16.1% since Monday’s record close.

Weekend…



Source marketwatch.com

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