News

Elon Musk under investigation for possible insider trading

February 25, 2022 10:53 PM

Published February 25, 2022 6:09 PM

(KYMA, KECY/CNN) - Tesla CEO Elon Musk is being investigated for possible insider trading, says the Wall Street Journal.

The SEC is looking Tesla shares by Elon Musk's brother, Kimbal Musk, who is a Tesla board member.

Elon Musk announced he was selling 10% of his own holdings from Tesla through Twitter.

Kimbal sold thousands of his shares and made about $109 million.

Elon denies Kimbal knowing about the Twitter announcement.

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