@ethanscarellc: According to a Securities and Exchange Commission filing published on Monday, Elon Musk's brother sold Tesla stock valued at approximately $28 million in a single day. Kimbal Musk, a Tesla director, cashed in 75,000 shares of the electric vehicle company on Thursday. The latest disposals trimmed his stake by nearly 5%, to 1.46 million shares, worth about $514 million at Monday's close. The Tesla CEO's younger brother cofounded the software company Zip2 with him in 1995 but has since focused on ventures including restaurants, urban farming, and outdoor classrooms. Tesla shares have dropped by 13% this year even as the broader stock market has risen, fueling a nearly $40 billion decline in Elon Musk's net worth, per the Bloomberg Billionaires Index. He remains the world's richest person, with an estimated net worth of $395 billion — $142 billion more than that of his nearest rival, Mark Zuckerberg. A Stifel analyst said in a recent note that Elon Musk's government work appeared to be souring consumers on the Tesla chief and his company, which could weigh on sales. #Tesla #KimbalMusk #ElonMusk

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Friday 28 February 2025 19:56:57 GMT