Elon Musk and brother Kimbal face insider trading probe from SEC: report
Elon Musk and his younger brother are being investigated by the Securities and Exchange Commission over whether the siblings violated insider trading laws, the Wall Street Journal reported on Thursday.
The probe reportedly centers on Kimbal Musk’s sale in November of 88,500 Tesla shares — worth $108 million at the time — which allegedly occurred one day before Elon Musk posted a Twitter poll asking if he should sell 10% of his stake in Tesla.
