laitimes

Forced donation or generous donation: Musk took out $5.7 billion in Tesla stock for charity

Earlier, beasley, the head of the United Nations World Food Programme, called for donations from billionaires such as Musk and Bezos in an interview, triggering strong resistance from Musk. But Tesla CEO Musk recently said in an F5 report filed with the U.S. Securities and Exchange Commission (SEC) that he donated 5.04 million shares of Tesla stock to an unknown charity on November 19-29, 2021. It is worth about $5.7 billion. The donee is an unspecified trust and the document does not mention the name of the charity. There is speculation that the donation may also go to Musk's own charitable organization, the Musk Foundation.

Forced donation or generous donation: Musk took out $5.7 billion in Tesla stock for charity

During that time, from November 8 to the end of December last year, Musk sold a total of about 15.8 million Tesla shares worth more than $16 billion in a series of operations. It seems that in addition to cashing out, it also assumes the social responsibility of paying taxes and donating.

Forced donation or generous donation: Musk took out $5.7 billion in Tesla stock for charity

Musk's philanthropic investment is still quite generous, after announcing a $100 million prize to help solve the problem of climate change. In 2021, he also made several other donations, including a $1 million donation to a food bank in Texas. Musk also sometimes tweets about his charity, announcing a $50 million donation to childhood cancer research last September.

Crucially, in 2012 Musk signed the "Pledge of Giving," publicly pledging to donate at least half of his wealth in his lifetime or after his death.

Read on