Elon Musk, Tesla’s CEO, claims to have donated $ 1.95 billion in Tesla stock to charity last year.
This information was disclosed on Elon Musk’s Twitter page.
The donation of 11.6 million shares was described in a filing with US regulators as “a bona fide gift.” The filing with US regulators does not name who received this large sum, but it is clear that Elon’s donations are making a difference to many people around the world. His generosity could be seen as inspiring other wealthy individuals or companies alike, encouraging them to give back and make similar charitable contributions if they can afford it.
The donation was made between August and December of last year, according to the document filed with the US Securities and Exchange Commission.
Elon also announced recently on Twitter that he plans on donating $20 million toward schools in Cameron County and another $10 million for downtown revitalization efforts in Brownsville, Texas.
It is not the first time Mr. Musk has given Tesla stock to charity. He donated around $5.74 billion worth of shares in 2021, according to a regulatory filing.
Also on Wednesday, Mr. Musk said that the end of 2023 would be a “good time” to find someone to succeed him as the chief executive of Twitter.
“I’m guessing probably towards the end of this year would be good timing to find someone else to run the company, because I think it should be in a stable position around, you know, at the end of this year,” he said.
