Kimbal Musk, a Tesla director, cashed in 75,000 shares of the electric vehicle company on Thursday. The latest disposals trimmed his stake by nearly 5%, to 1.46 million shares, worth about $514 ...

Musk's first major financial success came from Zip2, a company he co-founded with his brother Kimbal in 1995. Zip2 was a software company that provided online city guides for newspapers.

Elon Musk’s net worth has dropped by $75 billion in 2025, down to $357 billion, amid Tesla’s declining sales, political fallout with President Trump, and widespread vandalism targeting the brand.

Just days before his brother started selling billions of dollars worth of Tesla shares, Kimbal Musk, a Tesla board member, sold $108 million worth of his own stock in the company.

July 01, 2025 — 08:01 am EDT Written by John Csiszar for GOBankingRates -> As Elon Musk has much of his wealth tied up in Tesla stock, his net worth can fluctuate dramatically on a day-to-day basis.

Kimbal Musk, Elon Musk's brother, sold 75,000 Tesla shares worth about $28 million, a filing shows. The disposals reduced his stake by almost 5%, to 1.46 million shares.