Image  - Getty

Learn more about Elon Musk's donation of Tesla shares

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

The donation was made between August and December of 2021.

The recipients of the donation have not been disclosed.

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

Donating shares to charity can provide tax benefits.

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

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

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