Elon Musk Donated $5 Billion Worth of Tesla Shares to Unnamed Charity in November 2021: Report

Published:Nov 22, 202318:36
Elon Musk Donated $5 Billion Worth of Tesla Shares to Unnamed Charity in November 2021: Report

San Francisco: Tech billionaire Elon Musk has donated greater than $5 billion price of Tesla shares to an unspecified charity in November 2021, Forbes reported. Musk transferred the 5,044,000 Tesla shares -- which have been price greater than $5.4 billion on the time -- over the course of 10 days in November, in response to a Securities and Change Fee submitting. Tesla Remembers Over 5.78 Lakh Automobiles Over a Potential Difficulty With Boombox Function: Report. The submitting known as the switch a "bona fide gift" to charity, but it surely didn't say what charity acquired the shares, the report mentioned on Monday. It's unclear who Musk donated his shares to, however one month beforehand, Musk responded to an article in regards to the United Nations' World Meals Programme (WEF) by tweeting he'll donate $6 billion by way of bought Tesla inventory to the organisation if it may clarify how his cash would resolve world starvation. WFP Government Director David Beasley outlined a plan on Twitter and tagged Musk days earlier than he donated the shares to an unspecified charity. Musk and Tesla didn't instantly reply to Forbes' requests for remark. In November, Musk tweeted a ballot asking his followers whether or not he ought to promote 10 per cent of his inventory in Tesla in an try to counter accusations of tax avoidance, to which practically 58 per cent of the three.5 million voters mentioned "yes". Forbes estimated Musk would wish to promote some 17 million shares -- price nearly $15 billion as of Monday's shut -- to succeed in this aim, and he bought greater than 9 million shares in November. (The above story first appeared on SociallyTrend on Feb 16, 2022 03:50 PM IST. For more news and updates on politics, world, sports activities, entertainment and way of life, go online to our web site latestly.com).

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