|
Musk donated about 11.6 million shares between August and December
last year, according to the filing, which did not say which
organization or organizations were the recipients.
The world's second-richest person now owns around 13% of Tesla.
Tesla did not immediately respond to an email seeking details on
which charity or charities got the donations.
Musk donated about $5.74 billion in 2021.
Analysts have said that Musk might benefit from gifting Tesla stock
if he donated it to charity, since shares donated to charities do
not have to pay capital gains tax, as they would if they were sold.
Musk signed the Giving Pledge in 2012, a commitment by some
billionaires to give at least half their wealth to philanthropy in
their lifetime or upon their death.
In 2001, he set up the Musk Foundation, offering grants for the
"development of safe artificial intelligence to benefit humanity"
among other causes, according to its website.
(Reporting by Akriti Sharma in Bengaluru; Editing by Nivedita
Bhattacharjee)
[© 2023 Thomson Reuters. All rights
reserved.] Copyright 2022 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
