Tesla’s Musk donated over $ 5.5 billion to charity in Nov -SEC filing By Reuters

© Reuters. A Tesla sign is pictured outside the Tesla Gigafactory 2 in Buffalo, New York, US, February 13, 2022. REUTERS / Carlo Allegri

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

Based on the Nov. 18 closing price of Tesla (NASDAQ 🙂 shares, the donation was worth $ 5.53 billion.

The filing did not disclose the name of the charity.

Late last year, the billionaire sold $ 16.4 billion worth of shares after polling Twitter (NYSE 🙂 users about offloading 10% of his stake in the electric-car maker.

He suggested that he needed to sell some of the stocks, regardless of the Twitter poll, to pay taxes associated with his exercise of options due to expire this year.

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