![Musk gives 5 mn Tesla shares to unspecified charities](https://www.portugalcolonial.pt/media/shared/articles/f0/bc/8a/Musk-gives-5-mn-Tesla-shares-to-uns-409096.jpg)
-
US defends law forcing sale of TikTok app
-
Messi out for defending champ Miami as Leagues Cup begins
-
Australia bans uranium mining at Indigenous site
-
Divers attempt to reach sunken Philippine oil tanker
-
Trump accuses Harris of anti-Semitism in overblown speech
-
Coughlin clings to lead at LPGA Canadian Women's Open
-
Trump offers tech sector policy flips ahead of election
-
Spacecraft to swing by Earth, Moon on path to Jupiter
-
What's the fallout of Mexican drug lords' capture?
-
Video game makers see actors as AI 'data,' says union on strike
-
Chinese qualifier Shang to face Thompson in ATP Atlanta semis
-
'Massive attack' on French rail threatens more chaos
-
'We did it!': France breathes sigh of relief after Olympics ceremony
-
Regional concern grows as Venezuela blocks vote observers
-
Historic river parade, Dion show-stopper ignite Paris Olympics
-
Rainy Paris Olympic parade dampens many spectators' spirits
-
The one of a kind Paris opening ceremony: five memorable moments
-
Justin Timberlake seeks to dismiss DUI case
-
Warner Brothers Discovery sues NBA over Amazon rights deal
-
Kobe Bryant locker, Maradona jersey up for auction in New York
-
Historic river parade launches Paris Olympics
-
New York family of Holocaust victim reclaims Nazi-looted art
-
NASA Mars rover captures rock that could hold fossilized microbes
-
Thousands evacuate season's biggest wildfire in northern California
-
Ethiopia mourns victims of landslide tragedy
-
Lady Gaga adds sparkle to star-studded Olympic show
-
Airbus and Boeing supremacy secure despite turbulence
-
Teams sail down Seine in rain-soaked Olympics opening ceremony
-
West Indies' treble strike rocks England in third Test
-
Olympic opening ceremony under way on River Seine
-
Mott's England future uncertain as ECB chief fails to offer support
-
Trump meets Israeli PM Netanyahu in Florida
-
S.African police say 95 Libyans detained at suspected military camp
-
Blinken set for talks with Chinese counterpart in Laos
-
Norris heads Piastri in McLaren one-two at Belgian GP practice
-
G20 seeks common ground on taxing super-rich
-
European medicines watchdog rejects new Alzheimer's drug
-
Habib, Ebden eye Alcaraz and Djokovic shocks at Olympics tennis
-
Long queues, ticketing problems ahead of Paris opening ceremony
-
Two Sinaloa Cartel leaders face US charges after stunning capture
-
Spain train driver jailed for 2.5 years over deadly 2013 crash
-
Paris poised for Olympic opening ceremony spectacular
-
Judoka fails doping test in first case at Paris Olympics
-
Holder and Da Silva keep England at bay after West Indies collapse
-
Alpine F1 boss Bruno Famin to leave in August
-
Ethiopia declares three days of mourning after landslide tragedy
-
Brazilian dunes dotted with dazzling pools make UNESCO heritage list
-
Rain, cooling slow huge blaze in Canada's Jasper park
-
French Rugby's Jaminet suspended 34 weeks after racist video: Federation
-
Osaka looking to turbo-charge comeback at Paris Olympics
![Musk gives 5 mn Tesla shares to unspecified charities](https://www.portugalcolonial.pt/media/shared/articles/f0/bc/8a/Musk-gives-5-mn-Tesla-shares-to-uns-409096.jpg)
Musk gives 5 mn Tesla shares to unspecified charities
Tesla Chief Executive Elon Musk, considered the richest person in the world, has donated 5.04 million shares of his company to unspecified charities, according to a securities filing.
Musk gave away the stock in November 2021 in five separate transactions, according to a filing released Monday night by the US Securities and Exchange Commission (SEC).
The donations were worth about $5.7 billion at the time they were made, but are now valued at around $4.4 billion following a pullback in shares of the electric car company.
The transactions came as Musk was selling a huge quantity of Tesla shares granted to him as compensation. Musk's stock sales were expected to generate a large tax bill that charitable donations could help to mitigate.
Musk sold more than $16 billion worth of Tesla shares in late 2021, according to the Wall Street Journal.
Musk said on Twitter in December that he expected to pay $11 billion in taxes in 2021.
The outspoken executive, whose fortune is estimated at $238 billion by Forbes, has criticized a wealth tax backed by progressives lawmakers in the US Congress such as senators Bernie Sanders and Elizabeth Warren.
But Musk in 2012 signed the "Giving Pledge," which was launched by Warren Buffett and Bill Gates and encourages the rich to contribute a majority of their wealth to philanthropic causes.
P.Sousa--PC