SEC opens investigation into Elon Musk over possible insider trading
about selling Tesla stock, leading the brother to sell 88,500 shares just a day before the November 6th tweet. If so, the company chief might have broken rules barring employees from trading on undisclosed information.
Kimbal Musk has frequently traded Tesla stock at regular intervals under a plan. He didn't on November 5th, according to an SECWe've asked the SEC for comment. Tesla isn't available for comment as it disbanded its communications team sometime in 2020. Musk clearly isn't on friendly terms with the Commission, however, asIf the report is accurate, the investigation will add more tension to a years-long feud.
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