This tweet is the thing of an SEC insider buying and selling probe.
The WSJ story says the probe is basically targeted on Musk’s brother Kimball, who can also be a Tesla board member. He bought 88,500 chares of Tesla valued at $108 million the day earlier than this tweet, which precipitated shares to go down.
One query for regulators, based on securities attorneys, could be whether or not Mr. Musk informed his brother about his upcoming tweet or concerning the timing of his gross sales earlier than Kimbal Musk traded on Nov. 5—or if Kimbal Musk in any other case discovered of the ballot after which traded
Musk has hinted just lately about hassle with the SEC.
