Kimbal Musk — who serves on Tesla’s board of directors — exercised his option Friday to buy 25,000 Tesla shares at $74.17 apiece, then sold them for about $108.8 million.
Kimbal Musk made nearly $110 million by exercising Tesla Inc. stock options right before his brother, Elon, spent the weekend asking Twitter users whether he should sell a big chunk of his stake in the electric-vehicle company.
Kimbal Musk still holds more than 511,000 Tesla shares, worth about $594 million, based on Monday’s closing price of $1,162.
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