Elon Musk and brother, a Tesla director, face insider-trading investigation

Enlarge / Kimbal Musk at the ETHDenver conference in Denver, Colorado, on Friday, Feb. 18, 2022. (credit: Getty Images | Bloomberg)

The Securities and Exchange Commission is investigating whether Tesla CEO Elon Musk and his brother, Kimbal Musk, violated insider-trading rules with recent stock sales, The Wall Street Journal reported yesterday.

"The SEC's investigation began last year after Kimbal Musk sold shares of Tesla valued at $108 million, one day before the Tesla chief polled Twitter users asking whether he should unload 10 percent of his stake in the electric-car maker and pledging to abide by the vote's results," the Journal wrote.

Separately, a US judge yesterday denied Tesla and Musk's various requests related to their claim that the SEC is "harassing" the company and its CEO. (More on that later in this article.)

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