Posted in: Tattle, Technology

Elon Musk donated $5.74bn in Tesla shares to charity last year

SEC filing does not disclose name of charity while analysts say ‘tax benefit would be huge’

Tesla’s chief executive, Elon Musk, donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from 19 November to 29 November last year, its filing with the US Securities and Exchange Commission (SEC) showed on Monday.

The donation was worth $5.74bn, based on the closing prices of Tesla shares on the five days that he donated the stock. The filing did not disclose the name of the charity.

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