9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Tesla CEO Elon Musk donated $1.95 billion of company stock to charities last year. This was reported by Reuters, Ukrinform reports. According to the U.S. Securities and Exchange
This was reported by Reuters, Ukrinform reports.
According to the U.S. Securities and Exchange Commission, Musk donated approximately 11.6 million shares between August and December of last year. At the same time, the documents sent do not indicate which organizations are recipients.
Currently, Musk owns about 13% of the electric car maker.
It is recorded that he donated approximately $5.74 billion in 2021.
Analysts believe Musk could benefit from donating Tesla shares to charities, as donating shares to charities does not require capital gains tax, unlike selling.
As reported by Ukrinform, the San Francisco jury acquitted Elon Musk in the fraud case due to a message he shared on Twitter about the alleged privatization of an electric car manufacturing company.
Source: Ukrinform
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.
