Last year, Elon Musk was named one of the most stingy billionaires: according to Forbes, he was among the richest people on the planet who donated the least to charity. It was in October. And in November, Musk donated 5,044,000 Tesla shares to charity. And this is one of the largest donations in the world.

Musk donated a total of 5,044,000 Tesla shares between November 19 and 29, according to filings with the US Securities and Exchange Commission (SEC). Based on the average share price at the time, the donation was approximately $5.7 billion. An unidentified trust is involved in the transaction, the name of the charitable organization is not mentioned in the document.

According to various sources, such a gesture would allow Musk to cut the huge amount of taxes that he had to pay last year. Recall that due to the active use of Tesla stock options, which expired in 2021, Musk had to pay approximately 11 billion in taxes. Such a large donation would allow Musk, subject to a number of conditions, to reduce the amount of taxes by about 2 billion.

bbabo.Net