Big Hearted Elon Musk did this for a Selfish Reason!?
Elon Musk Made One Of The Most Significant Donations: Elon Musk, the world's richest person, donated shares in his company tesla Inc worth approximately $5.7 billion between november 19 and november 29.
According to the report, Musk stated that he donated the money to a charity. tesla disclosed this in its filing with the US Securities and Exchange Commission.
Elon Musk, the world's richest man and owner of tesla and SpaceX, has a new look. Danveer takes this form; in november of last year, he donated 5,044,000 shares of his electric car company Tesla.
Musk revealed the information himself. These shares were donated by Elon Musk between november 19 and november 29. Musk was quoted as saying in november that he donated tesla Inc. shares worth approximately $5.7 billion to a charity.
Tesla disclosed this in its filing with the US Securities and Exchange Commission. However, nothing in the information indicates which organisation received the donation.
At the end of 2021, shares worth crores will be sold.
Significantly, Elon Musk sold a large number of tesla shares in a short period of time in 2021. He sold shares worth approximately $16.4 billion after polling the public on Twitter. He asked his twitter followers whether he should sell a 10% stake in Tesla.This is a compelling reason to become a donor.Tesla Company granted Elon Musk a stock option in 2012, allowing him to purchase approximately 22.8 million shares of the company at a cost of only $ 6.24 per share. Musk now had a year, or until 2022, to cash in on this opportunity.
During this time, US law requires that half of the capital gain (gain) between the purchase price of all shares and the actual value of the share be paid as tax. In such a case, a large number of shares must be sold to cover the tax liability.