‘Musk’s brother’ who sold Tesla stock again… 8 billion won in profit per day

Input 2021.04.07 15:26

Elon Musk Tesla’s younger brother, Kimbal Musk, sold Tesla shares acquired as a stock option and made a profit of over 8 billion won in one day.

On the 6th (local time), the U.S. economic media market watch reported that Kimbal made a profit of $7.2 million (about 8 billion KRW) through an option to purchase at a lower price than the market price on the 1st.

At the time, he bought 12,000 Tesla shares for $74.17 as an option exercise, and it is said that he sold all the shares he bought for an average of $678.856, about $600 per share on the same day.

After selling 12,000 shares, Kimbal still owns 590,740 shares of Tesla. As of the closing price ($691.62), the valuation of his Tesla stock is $414.7 million (about 4628 billion won). Kimbal also has a separate option to buy an additional 19,250 shares.

Kimbal sold some of Tesla’s shares in September of last year and February of this year. On September 1 of last year, 36375 shares were sold for an average of $482.59. Tesla sold 30,000 shares for an average of $852.12 on February 9, when the stock price rally continued due to the incorporation of the Standard & Poor’s (S&P) 500 index.

In response, Marketwatch said, “Kimbal has been skillfully picking up the short-term highs of Tesla stocks in recent months.”