Elon Musk’s brother Kimbal Musk, typically a Democrat donor, gave $2,800 to each GOP lawmaker who voted to impeach Trump

Donald Trump, Kimbal Musk
Former President Donald Trump (left) and entrepreneur Kimbal Musk.

  • Kimbal Musk gave $2,800 to each of the 10 GOP lawmakers who backed Trump’s impeachment.
  • Musk had previously to Democratic lawmakers including President Joe Biden and Hillary Clinton.
  • His brother, Elon Musk, has donated to both Republicans and Democrats in the past.
  • See more stories on Insider’s business page.

Restaurateur and philanthropist Kimbal Musk, the younger brother of tech billionaire Elon Musk, gave thousands of dollars to the Republican lawmakers who voted to impeach former President Donald Trump.

Ten Republican House members voted to impeach Trump in January for inciting the January 6 Capitol siege.

New filings by the Federal Election Committee (FEC) show that Musk gave $2,800 to each of the 10 lawmakers on January 26, the day that the House transmitted the article of impeachment against Trump to the Senate.

Read more: These 10 high-profile Republicans who dumped Trump are mostly wary to back Biden’s re-election. At least for now.

The donations were filed in Boulder, Colorado, where Musk lives and owns a bistro.

Bloomberg first reported on the news.

Musk had previously donated heavily in favor of Democratic lawmakers, per FEC filings. This includes donations to the presidential campaigns of President Joe Biden, Hillary Clinton, former President Barack Obama, and John Kerry.

Elon Musk has given to both Democrats and Republicans. He gave $990 to the Republican National Committee in January, but had previously donated to presidential campaigns of Clinton and Obama, FEC filings show.

The 10 GOP lawmakers who voted for Trump’s impeachment collectively received $6.4 million in donations in the first three months of 2021.

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The 10 GOP lawmakers who voted to impeach Trump have already received $6.4 million in donations this year – far more than their 2022 midterm opponents

trump wind
Former President Donald Trump.

  • Donors are giving millions to the GOP lawmakers who voted to impeach Trump.
  • Wyoming Rep. Liz Cheney, for example, received $1.54 million in the first three months of 2021.
  • They have received far more money than their prospective 2022 midterm opponents, who Trump has backed.
  • See more stories on Insider’s business page.

Republican lawmakers who voted to impeach former President Donald Trump have received more than $6 million in political donations between them since January – far more than their prospective opponents in the 2022 midterms.

Donations to the 10 lawmakers in the first three months of 2021 totaled $6.4 million, per new filings from the Federal Election Commission (FEC), first reported by Bloomberg. The money has come from GOP donors, conservative PACs, and even some Democrat donors, such as entrepreneur Kimbal Musk, Tesla CEO Elon Musk’s brother.

Three of the lawmakers – Kinzinger, Wyoming Rep. Liz Cheney, and Ohio Rep. Anthony Gonzalez of Ohio – had their biggest-ever quarters for political contributions, Bloomberg reported.

The GOP lawmakers have been ostracized by some members of the party since they voted to impeach Trump for inciting the January 6 Capitol riots, and Trump has urged other candidates to run against them in the 2022 midterms. Illinois Rep. Adam Kinzinger was even accused of treason by members of his own GOP-supporting family.

So far, 15 challengers have announced primary bids against the incumbents in the 2022 midterms, though one incumbent, Rep. John Katko, is currently unopposed. The challengers have collectively raised $1.9 million this year, Bloomberg reported.

Here’s how much the GOP lawmakers raised between January 1 and March 31, per the FEC:

  1. Rep. Liz Cheney (Wyoming): $1.54 million
  2. Rep. Adam Kinzinger (Illinois): $1.15 million
  3. Rep. Jaime Herrera Beutler (Washington): $744,750
  4. Rep. Anthony Gonzalez (Ohio): $616,524
  5. Rep. Peter Meijer (Michigan): $519,741
  6. Rep. John Katko (New York): $436,291
  7. Rep. Tom Rice (South Carolina): $404,731
  8. Rep. Fred Upton (Michigan): $360,392
  9. Rep. David Valadao (California): $322,144
  10. Rep. Dan Newhouse (Washington): $289,493

Cheney topped the list with $1.54 million in funding between January 1 and March 31, the FEC filings show. This includes $10,000 from Mitt Romney’s Believe in America PAC, and $5,600 from her father, former Vice-President Dick Cheney.

Liz Cheney
Rep. Liz Cheney has been an outspoken critic of Trump.

Cheney has said she would not support Trump if he were the 2024 GOP nominee, and has accused him of “embracing insurrection.”

The FEC data shows that some PACs and individual donors gave to each of the 10 Republicans who voted to impeach, suggesting blanket support for lawmakers who stood up to Trump.

Read more: These 10 high-profile Republicans who dumped Trump are mostly wary to back Biden’s re-election. At least for now.

These included some major Democratic donors who crossed the party line. Both Baupost Group CEO Seth Klarman and Lone Pine Capital CEO Stephen Mandel gave $2,900 to each lawmaker, Bloomberg reported.

Restaurateur Kimbal Musk, typically a Democrat donor, gave $2,800 to each of them.

Some lawmakers loyal to Trump have also received a flood of donations. Georgia Rep. Marjorie Taylor Greene raised $3.2 million in her first three months in Congress, the FEC’s records show. Greene has repeatedly spread Trump’s voter-fraud conspiracy theories, which have been thoroughly debunked.

marjorie taylor greene
Rep. Marjorie Taylor Greene received $3.2 million in her first three months.

The size of Greene’s haul is almost unheard of for a first-term congresswoman, Insider’s Grace Panetta reported. Rep. Alexandria Ocasio-Cortez, in comparison, brought in $726,000 in her first quarter in office in 2019.

Trump said on March 10 that he expected Republicans to regain control of the House and Senate in the 2022 midterm elections and win back the White House in 2024.

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Elon Musk’s brother sold Tesla shares worth $25.6 million after an upward streak in the electric-car maker’s stock

GettyImages 956632084
Kimbal Musk.

  • Kimbal Musk, a Tesla board member, sold $25.6 million shares in the electric-car maker this week.
  • Elon Musk’s younger brother still holds nearly 600,000 shares in the company, worth about $483 million.
  • Board member Antonio Gracias also sold 150,747 Tesla shares, but replaced them with call options.
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Kimbal Musk, billionaire Elon Musk’s younger brother, sold Tesla shares worth $25.6 million shares on Tuesday, according to filings registered with the Securities and Exchange Commission. 

He sold 30,000 directly owned shares at an average price of $853 per share, the filings showed. The 48-year-old, who is a Tesla board member and restaurateur, still holds 599,740 shares in the company, worth roughly $483 million.

Tesla’s shares rose 743% in 2020 and are up about 14% so far in 2021.

Read More: BANK OF AMERICA: Buy these 7 online-retail stocks that are ‘structural winners’ set to build on strong 2020 gains – including one with 41% upside

Screenshot 2021 02 11 at 08.35.19

Separately, Tesla audit committee member Antonio Gracias sold 150,747 shares in the electric-car maker at an average price of $845.36 on Tuesday, according to another filing. But Gracias replaced these positions by purchasing 150,747 call options that expire in June 2022 and 2025, with exercise prices of $52.38 and $68.56. Gracias, a board member who also serves as the chairman and CEO of Valor Equity Partners, owns 1.3 million shares in Tesla via the AJG Growth Fund, the filing showed.

Tesla executives and insiders hold about a 19.6% stake in the company, according to Bloomberg

Read More: BlackRock says investors haven’t fully priced in the structural changes brought about by the pandemic – and pinpoints 2 areas of the market that can still run for years

Read the original article on Business Insider