Tesla and SpaceX CEO Elon Musk it is not on the agenda. This time the famous CEO brother Kimbal Musk with under investigation.
Elon Musk, actively uses Twitter and behaves very differently on this platform than many other CEOs. The famous name, who constantly makes controversial statements about current events or companies, has recently been having problems with the US Securities and Exchange Commission (SEC). Troubles between Musk and the SEC first began in September 2018, when the SEC accused Musk of making false and misleading statements to investors. These statements have always come from Twitter. This time, at the center of the issue is an organization that oversees securities and stock markets in the United States. United States Securities and Exchange Commission is located.
Elon Musk told his followers in a survey he organized on Twitter on November 6, 2021. Asked if they support selling 10 percent of Tesla shares. 57.9 percent of the respondents answered this question. Yup, up to 42.1 percent No gave the answer. After this sharing, Tesla’s shares are almost a quarter. lost value.
The United States Securities and Exchange Commission is currently dealing specifically with the precursor to this event. Because the day before this tweet was posted Tesla brother of Elon Musk, who is a board member Kimbal Musk He sold his 88,500 shares. This sale was made when share prices were high.
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Here in Turkishinsider tradingIt is thought that an act contrary to the insider trading rules, referred to as ”, has been carried out. Elon Musk accepted doesn’t however, institutions think that Kimbal Musk is aware of this tweet. Such a thing should not happen, and information that has not yet been made public should not come out in this way.
in the USA “inside trading” process is given great importance and very, very large penalties can be imposed from here. That’s exactly why the Musk brothers are under investigation, and the outcome may not turn out well for either name.