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Elon Musk’s brother Kimbal sells $25 million worth of Tesla shares

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Kimbal Musk, co-founder of The Kitchen Community, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016.

Patrick T. Fallon  | Bloomberg | Getty Images

Kimbal Musk, brother of Tesla CEO Elon Musk, sold 30,000 shares of the electric car maker this month for roughly $25.6 million, according to a securities filing.

The younger Musk is a member of the board at the pioneering automaker. Another director, Antonio Gracias, sold more than 150,000 shares earlier this month, according to securities filings.

The sales come after a dramatic run for Tesla, which joined the S&P 500 late last year. Its stock price is up more than 400% in the…



Source cnbc.com

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