Elon Musk Donates $5.7 Billion Worth Of Tesla Stock To Charity
The Billion-dollar Donation Elon Musk has reportedly donated roughly $5.7 billion worth of Tesla’s shares to a charity, as per CNN. Elon Musk The donation of 5,044,000 shares was revealed earlier this week in a filing to the US Securities and Exchange Commission (SEC). The Tesla shares were gifted last year between November 19 and November 29 2021, according to the filing. But the name of the recipient(s) of the shares was not disclosed. At the time of those donations, Tesla’s stock was reportedly trading above $1,000 per share, as per CNN. This makes the donated shares worth $5.7 billion based on the average of the highest and lowest quoted price on the date of the transaction. Also Read: Elon Musk Nudges McDonald’s To Accept Dogecoin As Payment, It Responds With New Crypto ‘Grimacecoin’ Second Biggest US Donor Of 2021 This donation would make Tesla CEO Elon Musk the second-biggest US donor for the year 2021. He trails only Bill Gates and Melinda French Gates, who gave $1...