Thu, May 29, 2025
Wed, May 28, 2025

Elon Musk's brother and one other Tesla board director sell stock worth nearly $200 million

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Tesla insiders' frequent stock sales have been a source of frustration for shareholders in recent months.
On May 28, 2025, several Tesla board members, including Elon Musk's brother Kimbal Musk, sold Tesla stock worth nearly $200 million. The sales occurred over a period of several days and were disclosed in regulatory filings. Kimbal Musk sold approximately $25 million worth of shares, while other directors, including Ira Ehrenpreis and James Murdoch, also sold significant amounts of stock. These transactions took place amid a backdrop of Tesla's stock price fluctuations and ongoing discussions about the company's future growth and market position. The sales have raised questions about the board's confidence in Tesla's short-term prospects, although the directors have not provided specific reasons for their decisions to sell.

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[ https://fortune.com/2025/05/28/tesla-board-directors-including-elon-musk-brother-kimbal-sell-stock-worth-nearly-200-million/ ]