Elon Musk probed in US over stock trades: report

Published by
The Bangkok Post

NEW YORK: US market regulators are probing whether Tesla boss Elon Musk and his brother violated insider trading rules in connection with whopping share sales last year, the Wall Street Journal reported Thursday. The Securities and Exchange Commission reportedly launched its probe after Kimbal Musk sold $108 million in Tesla stock last year, just a day before a significant drop in the electric car maker’s share price. Tesla stock value fell sharply after Elon Musk posted a Twitter poll asking whether he should sell 10% of his stake in the company. The probe is looking into whether Elon Musk to…

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