Elon Musk (Elon Musk) donated more than $5.7 billion of Tesla shares to charity in November
Elon Musk (Elon Musk) donated more than $5.7 billion of Tesla shares to charity in November SAN FRANCISCO to pay taxes associated with his exercise of options due to expire this year. He said last year that he will pay more than $11 billion in taxes in 2021. Experts have said there would be a tax benefit for Musk potentially gifting Tesla stock. This is because shares that are donated to charity are not subject to capital gains tax the billionaire sold $16.4 billion worth of shares after polling Twitter users about offloading 10% of his stake in the electric-car maker. He suggested that he needed to sell some of the stocks Tesla chief executive Elon Musk donated a total of 5 based on the closing prices of Tesla shares on the five days that he donated the stocks. The filing did not disclose the name of the charity. Late last year I will sell Tesla stock right now and do it." Musk was responding to a plea for a donation from David Beasley
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