((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Tesla TSLA.O Chief Executive Elon Musk donated 268,000 Tesla shares to unnamed charities just before the start of the year, according to a regulatory filing Tuesday.
Musk, who owns about 12.8% of Tesla, made the donation as part of his “year-end tax planning” to “certain charities” who have “no current intention to sell these shares.” , according to the statement.
The donation follows a similar pattern to 2022, when Musk donated Tesla stock worth $1.95 billion. In 2021, he donated approximately $5.74 billion to the Musk Foundation, his non-profit organization.
The latest donation is worth approximately $108.2 million, based on the latest closing stock price.
-The Musk Foundation, of which Mr. Musk is chairman, provides grants for a variety of causes, including the “development of safe artificial intelligence for the benefit of humanity,” according to its website.
Mr. Musk, who is currently the world’s richest person with a net worth of $408.3 billion, according to Forbes, did not immediately respond to a Reuters request for comment.
Swiss
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