Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk’s brother, Kimbal Musk, on Wednesday bought 25,000 shares in the electric-vehicle firm.
The purchase followed exercising of a call option to buy the shares at an exercise price of $74.17 on Monday, expending about $1.85 million, a Form-4 filing showed. The expiration date for the call option, which gives the right to buy the stock, is June 18, 2025.
Following the purchase, Kimbal Musk beneficially owned 147,250 Tesla shares. Based on Wednesday’s closing price, his holding is worth about $121.41 …
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