Elon Musk’s youthful brother sells Tesla shares price $25.6 million

Board member Antonio Gracias meanwhile sold 150,747 Tesla shares, leaving him with a direct holding of 2,545. However, he replaced these with new long positions via long-dated call options, also known as Long-term Equity Anticipation Securities, better known as LEAPs. Gracias bought about 150,000 call options expiring in June 2022 and 2025 with exercise prices of $52.38 and $68.56. He also indirectly owns 1.3 million Tesla shares through AJG Growth Fund.

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