Kimbal Musk, brother of Elon Musk and Tesla board member, sold over $25 million in Tesla shares, per SEC filing. He sold 56,820 shares on December 9 at an average price of $450.66, totaling $25.6 million. Despite the sale, Kimbal still holds 1,376,373 shares directly.

Kimbal donated 15,242 shares to a donor-advised fund, valued at $6.8 million. He is known for predicting Tesla’s stock performance accurately, with a current P/E ratio over 300. The sale coincides with Tesla’s stock surge, allowing Kimbal to benefit strategically.

The donation enables Kimbal to claim a tax deduction immediately while distributing funds to charities over time. This move showcases his balanced approach to managing his Tesla stake, focusing on both personal gains and philanthropy. Kimbal’s strategic decisions reflect his unique investment and charitable strategies.

Read more at Yahoo Finance: Here’s Why Elon Musk’s Brother Unloaded $25 Million In Tesla Stock