WASHINGTON—The Securities and Alternate Fee is investigating whether or not current inventory gross sales by Tesla Inc. Chief Govt Elon Musk and his brother, Kimbal Musk, violated insider-trading guidelines, based on individuals accustomed to the matter.
The SEC’s investigation started final 12 months after Kimbal Musk bought shares of Tesla valued at $108 million, at some point earlier than the Tesla chief polled Twitter customers asking whether or not he ought to unload 10% of his stake within the electric-car maker and pledging to abide by the vote’s outcomes.
