Musk gives 5 mn Tesla shares to unspecified charities
-
Toulouse crush Bristol to move into Champions Cup quarters
-
Israeli strikes kill two girls in southern Lebanon, soldier killed in battle
-
Deshpande, Rajasthan hold nerve to edge Gujarat in IPL
-
Deshpande and Rajasthan hold nerve to edge Gujarat in IPL
-
'He'd play in a wheelchair': Bayern back Kane for Real return
-
Bushehr: Iran's only nuclear power plant
-
Mideast war presents 'serious risk' for Africa: report
-
French boats set sail to join Gaza aid flotilla
-
Erdogan, Zelensky discuss energy security, peace efforts
-
Muriqi strikes late as Mallorca stun Real Madrid
-
Israel strikes Tyre in south Lebanon after evacuation warnings
-
Toulon, Bath reach last eight of Champions Cup
-
Bayern storm back late to win at Freiburg before Real showdown
-
Thousands rally against racism in Paris suburb to defend mayor
-
Slot urges Liverpool to stick together after FA Cup rout at Man City
-
Cambridge win fourth straight Boat Race
-
Police arrest suspect in Jewish ambulance arson case in court
-
Russian strike on Ukraine market kills five, wounds 25
-
French jury upholds jail terms for three rugby players over gang rape
-
Zelensky in Istanbul for security talks with Erdogan
-
Rizvi stars as Delhi down Mumbai to top IPL table
-
Haaland treble destroys Liverpool as Man City reach FA Cup semis
-
Rain, storms kill 121 in Afghanistan and Pakistan in two weeks
-
Russian strike on Ukraine market kills five, wounds 19
-
Canadian astronaut describes 'phenomenal' Artemis journey
-
European drivers choke on rising diesel prices
-
Belgian prison tour lays bare grim reality of life behind bars
-
Iran, US race to find crew member of crashed American fighter jet
-
Brown, Tatum fuel Celtics over Bucks, Mavs teen Flagg scores 51
-
Sri Lanka struggles to avert economic collapse over Mideast war
-
Coughlin builds five-shot lead at LPGA Aramco Championship
-
58 tortillas, five hot sauces and one toilet: life aboard spacecraft Orion
-
Artemis mission shares office space -- and physics -- with Apollo
-
Rice will not face NFL action after probe into abuse claims
-
Injured Lakers star Doncic out for rest of NBA regular season
-
Pure Tungsten Outlines Near-Term Path to Production and Public Listing, with Multi-Year Growth Strategy
-
New to The Street Announces Episode 741 Airing Tonight on Bloomberg Television at 6:30 PM EST Featuring Canton Networks, Acme Markets, Virtuix Holdings (VTIX), HPB, Jonas & Redman, Acurx Pharmaceuticals (ACXP), and FreeCast (CAST)
-
Injured Lakers star Doncic out for rest of NBA regular season: team
-
Tirante topples top seed Shelton to reach Houston ATP semi-finals
-
'Extraordinary' views of home as astronauts head towards Moon
-
Pope leads torch-lit Colosseum procession before Easter
-
Vanessa Trump posts supportive message after boyfriend Woods's arrest
-
Northampton edge Castres in 13-try Champions Cup battle
-
Iran hunts crew of crashed US jet, one reported rescued
-
Dembele leads PSG to victory ahead of Liverpool tie
-
MacIntyre seizes Texas Open lead as Masters looms
-
14 dead as Russia launches new daytime attacks on Ukraine
-
French, Japanese ships cross Strait of Hormuz in first since war
-
Pegula reaches WTA Charleston semis with latest three-setter
-
Iran hunts crashed US jet crew, as reports say one rescued
Musk gives 5 mn Tesla shares to unspecified charities
Tesla Chief Executive Elon Musk, considered the richest person in the world, has donated 5.04 million shares of his company to unspecified charities, according to a securities filing.
Musk gave away the stock in November 2021 in five separate transactions, according to a filing released Monday night by the US Securities and Exchange Commission (SEC).
The donations were worth about $5.7 billion at the time they were made, but are now valued at around $4.4 billion following a pullback in shares of the electric car company.
The transactions came as Musk was selling a huge quantity of Tesla shares granted to him as compensation. Musk's stock sales were expected to generate a large tax bill that charitable donations could help to mitigate.
Musk sold more than $16 billion worth of Tesla shares in late 2021, according to the Wall Street Journal.
Musk said on Twitter in December that he expected to pay $11 billion in taxes in 2021.
The outspoken executive, whose fortune is estimated at $238 billion by Forbes, has criticized a wealth tax backed by progressives lawmakers in the US Congress such as senators Bernie Sanders and Elizabeth Warren.
But Musk in 2012 signed the "Giving Pledge," which was launched by Warren Buffett and Bill Gates and encourages the rich to contribute a majority of their wealth to philanthropic causes.
O.Gutierrez--AT
