Elon Musk donated over 5 million shares to an undisclosed charity!
According to a SEC Form 5 filed on Monday, *click the link for more Elon Musk SEC Filing
The filing reveals that Elon Musk donated approximately 5,044,000 TSLA shares worth about $4.42 billion, (considering that Tesla stock is priced at $877.76 as of this writing)
- Based on the SEC filing, Elon Musk started donating the stocks on November 19, 2021, a time when over 5 million TSLA shares were worth roughly $5.74 billion.
The transaction code for the stock was filed under “G,” which stands for “Gift of securities by or to the insider” or “Bonafide gift’ the filing reads: “Represent a bonafide gift of the Issuer’s common stock by the reporting person to charity.”
The charity Elon Musk donated to was not revealed.
However, in November 2021, Elon stated he would sell TSLA shares if the United Nation’s World Food Program (WFP) could describe how $6 billion would solve world hunger.
*tweet from WFP Chief Mr. David Beasley
.@elonmusk With your help we can bring hope, build stability and change the future.
Let’s talk: It isn’t as complicated as Falcon Heavy, but too much at stake to not at least have a conversation. I can be on the next flight to you. Throw me out if you don’t like what you hear!
— Cindy McCain (@WFPChief) October 31, 2021
At the time, CNN released an article stating that 2% of Elon Musk’s wealth could solve world hunger,
According to the director of the United Nation’s food scarcity organization
