Elon Musk Donated Shares of Tesla

Learn more about Elon Musk's donation of Tesla shares

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Elon Musk donated $1.95 billion worth of Tesla stock last year.

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The donation was made between August and December of 2021.

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The recipients of the donation have not been disclosed.

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Musk reportedly donated around $5.74 billion in total last year.

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Donating shares to charity can provide tax benefits.

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Shares donated to charities do not have to pay capital gains tax.

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Elon Musk signed the Giving Pledge in 2012, which is a commitment to donate at least half of one's wealth to philanthropy.

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The commitment can be fulfilled either during one's lifetime or after death.

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