Elon Musk Donates $5.7 Billion Shares to a Foundation

New documents shared by the US Securities and Exchange Commission showed that Musk made a huge donation to an unknown foundation in November 2021. Just after the ‘$6 billion’ debate between Musk and the World Food Program, this donation was worth $5.7 billion.

Tesla CEO Elon Musk said in a poll he started on Twitter last November, ‘Should I sell 10% of my Tesla shares?’ he had asked a question. The answer from this survey was mostly ‘Yes’. Financial information shared by Tesla shortly after the survey was revealed during Musk’s survey week. $5 billion Tesla stock He had shown that he was selling.

But new documents made public today by the US Securities and Exchange Commission, Elon Musk’s From 19 November to 29 November He said that he sold 5 million 44 thousand Tesla shares in total.you forgive‘ he showed. According to the calculation made by Bloomberg, the total value of Tesla shares according to the days they were sold, It was $5.7 billion.

Donation made after ‘$6 billion plays a big role in solving hunger’ debate

November 16 – “You asked for a clean plan and open account. Here it is! We’re ready to talk to you and anyone else serious about saving lives.” Afterwards, “$6.6 billion is needed to prevent hunger in 2022”

No information is provided about where Elon Musk donated Tesla shares. But just before those donations began, Elon Musk was on Twitter with David Beasley, Director of the World Food Programme. had engaged in a verbal skirmish. The controversy fueled by CNN’s misplaced headline is that $6 billion in money is the cause of world hunger. will be of great help was about.

Elon Musk, on Beasley’s statement, ‘Explain how, I’ll sell my Tesla shares and do it right away‘ he shared. On top of that, Beasley on 16 November He shared the plan that showed exactly how the $6 billion would be spent. Hence, today’s Launched on November 19 The possibility that the $5 billion donation went to the World Food Program was the first possibility that came to mind.

On the other hand, the World Food Program, or Tesla, refused to answer questions about this donation. On the other hand, Elon Musk’s own foundation Musk Foundation is also available as an option.

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Source :
https://markets.businessinsider.com/news/stocks/elon-musk-donated-billions-in-tesla-shares-to-charity-2022-2


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