CELEBRITY
Tesla CEO Elon Musk has donated 268,000 Tesla shares valued at nearly $112 million to charity, according to a regulatory filing dated December 30, 2024…
He gave $1.95 billion worth of shares in 2022. These donations happened between August and December. In 2021, he donated Tesla shares worth $5.7 billion. These shares went to his foundation.
The shares, as stated in the filing with the Securities and Exchange Commission (SEC), were donated as part of Musk’s “year-end tax planning” to “certain charities” that have “no current intention to sell such stock,” the filing showed.
The charities that received the shares are not named, and they do not plan to sell them anytime soon, the filing stated.
Despite this donation, Musk, the world’s richest person with a net worth of over $415 billion (according to Bloomberg), still owns close to 411 million Tesla shares through a trust he set up in 2003. As of last year, Musk held about 13% of Tesla’s total shares, according to a company report from 2024.
Musk, who also leads companies like SpaceX and the social media platform X, was previously awarded 304 million Tesla stock options in 2018.
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