Tesla (TSLA) Director Kimbal Musk Sells $500K of Stock
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Tesla Motors (Nasdaq: TSLA) motors is up in late trading amid a new insider sale disclosed today.
According to a Form 4, Director Kimbal Musk sold 4,244 shares of Tesla on July 3, 2013. Sales were made for an average price of $117.203 for gross proceeds of $497,409.53. Sales were made pursuant to a Rule 10b5-1 trading plan.
Following the sales, Musk holds on to 175,533 shares of Tesla.
The stock is up about 0.3 percent late Monday.
According to a Form 4, Director Kimbal Musk sold 4,244 shares of Tesla on July 3, 2013. Sales were made for an average price of $117.203 for gross proceeds of $497,409.53. Sales were made pursuant to a Rule 10b5-1 trading plan.
Following the sales, Musk holds on to 175,533 shares of Tesla.
The stock is up about 0.3 percent late Monday.
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