Tesla board member and Elon Musk’s brother, Kimbal Musk, is back to selling Tesla (TSLA) stocks. According to a new SEC filing, Kimbal has cashed out over $25 million worth of shares and donated a few more as the stock rides high in late 2025.
We often report on insider selling at Tesla, and Kimbal is one of the more active sellers on the board. He frequently exercises options and sells shares.
According to a Form 4 filing with the SEC released yesterday, Kimbal sold 56,820 shares of Tesla common stock on December 9.
The shares were sold at a weighted average price of $450.66, with individual transactions ranging from $450.44 to $450.90.
That adds up to a total cash-out of approximately $25.6 million.
But that wasn’t the only movement. The filing also reveals that Kimbal gifted 15,242 shares to a “donor-advised fund”. At the execution price of the sold shares, that donation is worth roughly $6.8 million.
Following these transactions, Kimbal still holds a significant stake in the company. The filing indicates he retains 1,376,373 shares of Tesla directly.
Electrek’s Take
For those who are not aware, Kimball is notorious for calling the top on Tesla’s stock.
Tesla’s stock is currently trading at a price-to-earnings ratio of over 300. That’s unsustainable.
In short, owning Tesla’s stock right now is a bet that Tesla can ~6-10x earnings in the next year or two, while the current earnings trend is a rapid decline.
If you don’t think Tesla can do that, then it might make sense to own it. I doubt Kimball believes that this is the case.
The donation to the donor-advised fund is also standard practice for him. It allows him to take the tax deduction for the charitable contribution immediately while distributing the funds to specific charities over time.
Many billionaires have been known to do that, often transferring the shares to “charities” under their control.
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