Elon Musk’s Brother Just Sold 30,000 Shares of Tesla for $25 Million

Restaurateur Kimbal Musk has a long historical past of investing in his brother’s ventures.

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Restaurateur, chef and investor Kimbal Musk made headlines this week for promoting 30,000 shares of Tesla stock for $25.6 million. Though his older brother Elon is contrivance more well-known, Kimbal has based and invested in his dazzling fragment of firms, too. 

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The 2 co-based Zip2, which modified into as soon as later bought to Compaq, and Kimbal modified into as soon as an earlier investor in his brother’s firm X.com, which modified into as soon as later bought to PayPal. Since then, Kimbal has centered on mission-driven, food-associated endeavors. He co-based and is govt chairman of The Kitchen Restaurant Team, Enormous Inexperienced and Sq. Roots Urban Growers. He is a frail Chipotle board member.

The Tesla stock Kimbal bought represents ideally suited 5% of his general holdings; he held 600,000 Tesla shares as of October, in accordance with FactSet. Kimbal peaceable sits on the board of Tesla and SpaceX

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