Elon Musk, the world’s richest man and CEO of car maker Tesla, has donated his shares. Musk has said that in November last year, he offered to donate about $ 6 billion of the company’s shares to charity. According to a report, Securities and Exchange Commission filings show that Elon Musk donated $5.74 billion worth of shares between November 19 and November 29, 2021. The amount of donated shares is based on the average prices on the day the stock was sold. It has been told in the report that this is one of the largest donations in history. However, the name of the trust to which the donation has been made has not been disclosed in the documents.
of bloomberg Report It states that the donation step was taken after an ongoing battle between Tesla CEO and politicians. These politicians included people like Bernie Sanders and Elizabeth Warren. These people proposed to tax the shares and other assets of billionaires like Elon Musk. Their target was especially the personal property of Elon Musk. These leaders said the rich needed to pay a “fair share” of taxes.
However, it is not clear to whom Elon Musk has donated his shares. However, responding to an article about a United Nations program a month ago, Allen tweeted that he would donate $6 billion if someone could explain how his money would end world hunger.
Earlier in November, Elon Musk asked his followers in a poll on Twitter whether he should sell 10 percent of his stock in Tesla to counter allegations of tax avoidance. To this, about 58 percent of the followers had answered yes. It is estimated that Elon Musk will have to sell about 17 million shares to meet this target. In November, he sold more than 9 million shares.
At the same time, an earlier report said that Tesla will not pay any federal taxes this year because the EV company’s recent financial filings with the Securities and Exchange Commission show that its federal tax bill is nothing. However, Musk said he expects to pay about $11 billion in tax bills to the Internal Revenue Service.