Last year, Tesla CEO Musk sold Tesla stock to cash out the incident, which is known to everyone, and it is reported that it is worth $108 million. Musk, the world's richest man, recently plunged Tesla's stock price, shrinking his wealth by more than $13 billion and falling below $200 billion. Although Musk's wealth has shrunk, he is still the richest man in the world. In recent days, the US SEC has launched an investigation into Musk because the sell-off may violate insider trading laws.
Not long ago, Tesla CEO Musk and his brother Kimbal Musk sold shares, and the SEC investigated because the selling may have violated insider trading laws, according to Sina Technology. Last year, the day before Musk sold Tesla stock, Musk launched an investigation on Twitter, asking fans if he should sell 10% of his Tesla shares, and more than half of his fans expressed support. However, the SEC's investigation of Musk is not once or twice, as early as November 16 last year, the US SEC issued a subpoena to Musk, ordering him to provide information related to financial data.
In response to an insider trading investigation by the U.S. Securities and Exchange Commission (SEC), Musk responded Thursday that his brother did not know he would launch a polling investigation into the sale of Tesla's stake on Twitte. He also said the vote even cost himself more than $1 billion in selling shares. So the idea that I care about my brother might make a few million dollars less when he sells stock is completely ridiculous.
The SEC is investigating whether musk and his brother Kimbal Musk's recent stock sale "violated insider trading rules" because Kimbar sold Tesla stock the day before Musk launched his investigation, people familiar with the matter said. On the first trading day after the survey was released, Tesla shares plunged 5 percent.
It is reported that musk was also elected as a member of the National Academy of Engineering not long ago. The National Engineering Institute is one of the highest professional honors awarded to engineers, awarded to those who have "made outstanding contributions to engineering research, practice or education". The list describes Musk as Musk, the founder, CEO and chief engineer of SpaceX. Major breakthroughs in the design, engineering, manufacturing and operation of reusable launch vehicles and sustainable transport and energy systems. In response, Musk retweeted on Twitter and said "Thank you very much! ”