Elon Musk donates 5 million shares to an unknown charity

B3GIN Team
14/02/22
B3GIN - Employee stock-options Australia

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Elon Musk donated, in November 2021, over 5 million Tesla shares to an unknown charity

Elon Musk has donated 5 million Tesla shares (AUD $8B) to an unknown charity

 

In an SEC filing on the 14th February 2022, Elon Musk discloses a donation to an unknown charity. The trade was executed from the 19th November to the 29th November 2021.

 

B3GIN - Elon Musk SEC Filing Details to charity

On the 19th November 2021 a share of the electric car manufacturer was worth USD $1 137 (approximatively AUD $1 500). So the total of the donation equates to AUD $8B.

However, the SEC filing does not reveal the name of the charity. 

Elon Musk who is only remunerated with stock-options for his position of CEO at Tesla became the richest man in the world in 2021 when Tesla stock price skyrocketed.

 

 

The donation occurred few days after Elon Musk was called out by Dr. Eli David on Twitter

 

On the 1st of November 2021, Elon Musk replied to a tweet stating that 2% of Elon Musk’s wealth could solve world hunger. The South African born genius explained that if the World Food Program (WFP) could describe how USD $6B would solve the world hunger, then he would sell some of his stocks.

B3GIN - Elon Musk Twitter $6B to fight hunger

 

 

7th of November: Elon Musk does a poll on Twitter to sell 10% of his Tesla stock

 

A few days after his reply to Dr. Eli David, Elon Musk asks his Twitter followers if he should sell 10% of the stock he owns in Tesla. 

After more than 3 million votes, almost 58% supported the idea of selling.  

 

B3GIN - Elon Musk Twitter Poll to sell 10% Tesla stock

Elon Musk was referring to taxes in his tweet and may have had a tax benefit selling his stocks and donating to a charity.

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