Elon Musk distributes $112 million worth of Tesla stock to charitable organizations.

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Elon Musk, the CEO of Tesla, donated 268,000 Tesla shares to charity, worth around $112 million, according to a December 30, 2024, regulatory filing. In 2021 and 2022, Musk gave Tesla stock as a donation. In 2022, he donated $1.95 billion worth of shares.

These contributions took place from August through December. In 2021, he gave $5.7 billion worth of Tesla stock. He donated these shares to his foundation. Despite this gift, Musk, who, according to Bloomberg, has a net worth of over $415 billion, is still the owner of about 411 million Tesla shares through a trust he established in 2003. A 2024 company report states that Musk owned almost 13% of Tesla’s total shares as of last year.

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