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Fortune
Fortune
Christiaan Hetzner

Elon Musk’s brother and one other Tesla board director sell stock worth nearly $200 million

Elon Musk Tesla Inc. Kimbal Musk Ira Ehrenpreis United States
Kimbal Musk, founder of Big Green, speaks during ETHDenver in Denver, Colorado, U.S., on Friday, Feb. 18, 2022. (Credit: Chet Strange—Bloomberg via Getty Images)
  • Ira Ehrenpreis, chair of Tesla’s compensation committee, and Kimbal Musk liquidated all the stock they converted from call options on Tuesday, in transactions that yielded $162 million and $31 million respectively. Tesla insiders’ frequent stock sales have been a source of frustration for shareholders in recent months.

Two major Tesla insiders have exercised tens of millions of dollars worth of stock options, pocketing the cash rather than holding on to the shares like CEO Elon Musk. 

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