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Elon Musk Donated $5.7 Billion of Tesla Shares to Charity
- Gift is disclosed in filing that doesn’t identify a recipient
- Move coincided with CEO selling stock, sparring with senators
Elon Musk
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Elon Musk gifted almost $6 billion worth of Tesla Inc. stock to charity late last year in one of the largest philanthropic donations in history.
The world’s richest man donated more than 5 million shares in the electric-car maker from Nov. 19 to Nov. 29, according to a filing with the Securities and Exchange Commission. The gift was worth about $5.7 billion, based on average prices the days he sold the securities. The filing doesn’t name the charity and shows an unidentified trust was involved in the transaction.