From the C-Suite: Insights and Advice from Corporate Leaders
11/20/2024
No Comments
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
February 12, 2021: According to a securities filing, CEO of Tesla, Elon Musk’s brother Kimbal Musk, sold 30,000 shares of the company at the beginning of this month for roughly $25.6 million.
Kimbal Musk is the younger one, a member of the board of directors at the pioneering electric automaker.
Another director named Antonio Gracias sold more than 150,000 shares this month, according to securities filings.
The sales start after a dramatic run for the company’s shares. The automaker’s stock is up more than 400% in the last year, with Tesla earning inclusion in the S&P 500 last year.
Shares have, however, stalled in recent weeks and are slightly down in the past month.
According to the security filings, Kimbal Musk’s sales came at just above $850 per share. On Wednesday, Tesla’s stock closed at only under $805 per share.
The sale shows about 5% of Musk’s stake in Tesla. According to FactSet, he held 600,000 shares of the company in October, making him the fifth-largest insider stockholder at the company.
He sold a large amount of stock last September too.
Musk, a restaurateur, was a board member for Chipotle Mexican Grill previously.
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
The US Department of Justice (DOJ) has filed a groundbreaking antitrust lawsuit against Google, seeking to break up the …
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
The United Kingdom’s economy has experienced a disappointing period of stagnation, contracting by 0.1% in September. This contraction …
Appaloosa Management, a prominent hedge fund led by billionaire investor David Tepper, significantly increased its stake …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
