263ce7f0
2021-11-12
"insider's luck"
Elon Musk’s Brother Sold $109 Million in Tesla Stock Ahead of Poll
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He sold the stake at an average price of $1,229.91 per share via JPMorgan, the filing says. That amounts to about $109 million. The shares sold represented about 15% of Kimbal’s equity stake, excluding options.</p>\n<p>Elon Musk proposed selling 10% of his Tesla stock on Twitter Saturday, saying he would “abide by the results of this poll, whichever way it goes.” His legion of followers decided the world’s richest person should sell a stake worth about $21 billion. Tesla shares slumped after the poll, closing down the most in five months.</p>\n<p>Tesla shares dropped for a second day on Tuesday, declining 6.3% to $1089.58 at 11:04 a.m. in New York.</p>\n<p>Kimbal, 49, attended culinary school and established himself as a sustainability-minded Brooklyn entrepreneur. He has assets valued at about $950 million, according to the Bloomberg Billionaires Index, though Tesla’s latest proxy shows he had 599,740 shares --equal to all of his equity at the time, pledged as collateral for personal loans.</p>\n<p>The cowboy-hat sporting chef-restaurateur is CEO of Kitchen Restaurant Group and co-founder of Square Roots Urban Growers Inc., an urban farm community that cultivates crops like arugula in spaces including old shipping containers. He’s been a member of the Tesla board since April 2004 and is also a director of his brother’s Space Exploration Technologies Corp., known as SpaceX.</p>\n<p>Tesla didn’t immediately respond to a request seeking comment.</p>\n<p><img src=\"https://static.tigerbbs.com/db5014fbc0c39bbf5296ac26b16cf411\" tg-width=\"896\" tg-height=\"636\" width=\"100%\" height=\"auto\"></p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk’s Brother Sold $109 Million in Tesla Stock Ahead of Poll</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk’s Brother Sold $109 Million in Tesla Stock Ahead of Poll\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 00:04 GMT+8 <a href=https://finance.yahoo.com/news/elon-musk-brother-sold-109-160458311.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Kimbal Musk sold Tesla Inc. shares a day before his brother, Chief Executive Officer Elon Musk, launched his now infamous Twitter poll.\nKimbal, a Tesla board member, sold 88,500 Tesla ...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musk-brother-sold-109-160458311.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/elon-musk-brother-sold-109-160458311.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2182083151","content_text":"(Bloomberg) -- Kimbal Musk sold Tesla Inc. shares a day before his brother, Chief Executive Officer Elon Musk, launched his now infamous Twitter poll.\nKimbal, a Tesla board member, sold 88,500 Tesla shares on Nov. 5, according to a filing on Monday after the market close. He sold the stake at an average price of $1,229.91 per share via JPMorgan, the filing says. That amounts to about $109 million. The shares sold represented about 15% of Kimbal’s equity stake, excluding options.\nElon Musk proposed selling 10% of his Tesla stock on Twitter Saturday, saying he would “abide by the results of this poll, whichever way it goes.” His legion of followers decided the world’s richest person should sell a stake worth about $21 billion. Tesla shares slumped after the poll, closing down the most in five months.\nTesla shares dropped for a second day on Tuesday, declining 6.3% to $1089.58 at 11:04 a.m. in New York.\nKimbal, 49, attended culinary school and established himself as a sustainability-minded Brooklyn entrepreneur. He has assets valued at about $950 million, according to the Bloomberg Billionaires Index, though Tesla’s latest proxy shows he had 599,740 shares --equal to all of his equity at the time, pledged as collateral for personal loans.\nThe cowboy-hat sporting chef-restaurateur is CEO of Kitchen Restaurant Group and co-founder of Square Roots Urban Growers Inc., an urban farm community that cultivates crops like arugula in spaces including old shipping containers. He’s been a member of the Tesla board since April 2004 and is also a director of his brother’s Space Exploration Technologies Corp., known as SpaceX.\nTesla didn’t immediately respond to a request seeking comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":642,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":15,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/879609019"}
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