(Reuters) – Tesla Chief Government Elon Musk donated 268,000 shares of Tesla inventory to unnamed charities simply earlier than the brand new 12 months, in keeping with a regulatory submitting launched on Tuesday.
Musk, who owns about 12.8% of Tesla, made the donation as a part of his “year-end tax planning” to “sure charities” who’ve “presently no intention of promoting such shares.” , in keeping with the file.
The donation follows the same sample to 2022, when Musk donated Tesla inventory value $1.95 billion. In 2021, he donated roughly $5.74 billion to the Musk Basis, his non-profit group.
The newest donation was value roughly $108.2 million, in keeping with the inventory’s newest closing worth.
The Musk Basis, of which Musk is chairman, gives grants for a wide range of causes, together with the “growth of protected synthetic intelligence for the good thing about humanity,” in keeping with its web site.
Musk, presently the world’s richest particular person with a web value of $408.3 billion, in keeping with Forbes, didn’t instantly reply to a Reuters request for remark.
(Reporting by Rishi Kant in Bangalore; modifying by Tasim Zahid)
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