Elon Musk Donates over $5.7 Billion worth of Shares in Tesla to Charity

Based on a report on ABS-CBN News, Elon Musk donated more than $5.7 billion in Tesla shares to a charity in November. The name of the charity was not disclosed. Reportedly, some analysts believe that donating to charities may benefit the business tycoon because the shares donated are not subject to capital gains tax. If they are sold, they would be subject to capital gains tax.

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