Elon Musk donated £1.6bn in Tesla stock to charity last year

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Elon Musk donated £1.6bn in Tesla stock to charity last year
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The tech tycoon is a signatory to the Giving Pledge, a commitment made by some billionaires to give away at least half of their wealth.

Elon Musk donated around $1.95bn worth of Tesla stock to charity last year, according to documents filed in the US.

The billionaire gifted about 11.6 million shares between August and December of 2022, the filing with the US Securities and Exchange Commission showed., currently the world's second richest person, now owns around 13% of the electric car manufacturer.stock if he donated it to charity, since shares donated to charities do not have to pay capital gains tax, as they would if they were sold.

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