Elon Musk gave €1.82 billion of Tesla stock to charity last year (2024)

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How much did Elon Musk give to charity last year? ›

(NASDAQ:TSLA) and SpaceX but also for his philanthropic efforts through The Musk Foundation, an entity wholly owned and funded by him. Musk donated $1.95 billion worth of Tesla shares to charities in 2022 and $5.74 billion in 2021, according to filings with the Securities and Exchange Commission (SEC).

Tesla chief executive Elon Musk says he donated around $1.95bn (£1.6bn) worth of shares in his electric carmaker to charity last year. The donation of 11.6 million shares was described in a filing with US regulators as "a bona fide gift".

However, Musk is hardly without financial resources: He owns almost 13% of Tesla shares, worth $73 billion. He also has stakes in SpaceX, worth $71 billion, and multiple other businesses, giving him a total net worth of $203 billion, according to the Bloomberg Billionaires Index.

The three went looking for venture capital (VC) funding in January 2004 and connected with Elon Musk, who contributed US$6.5 million of the initial (Series A) US$7.5 million round of investment in February 2004 and became chairman of the board of directors. Musk then appointed Eberhard as the CEO.

Elon Musk's Charitable Foundation Is the 28th Richest in the World, Is 'Haphazard and Largely Self-Serving' Until recently, Elon Musk was listed as the wealthiest person in the world. As many wealthy folks do, Musk has set up a tax shelter “foundation” to oversee the Tesla and SpaceX CEO's charitable giving.

Since the end of the year he had another 25.3 million options vest when the company achieved certain financial goals, a grant the company had already said was probable to take place. So Musk made the donation knowing that he would soon receive options to buy twice a many shares at a nominal price.

By comparison, in 2022, it cost Tesla $49.6 billion to manufacture and sell $67.2 billion worth of electric vehicles, leaving a gross profit of $17.6 billion. That represented a gross profit margin of 26.2%, which declined to 17.1% in 2023, highlighting the effects of Tesla's price cuts.

Refunds are usually processed within 7-10 business days after the returned product has arrived at the Tesla warehouse and has been inspected. Refunds will be credited to the original form of payment used for the purchase.

Elon Musk is the largest individual Tesla shareholder, holding 715.022 million shares, representing 20.6 of Tesla ownership.

What is Elon Musk's salary? ›

Musk's pay package has no salary or cash bonus and offers rewards in the form of stock options that are awarded based on Tesla's market value rising to as much as $650 billion over the 10 years following 2018. The company's market capitalization is around $555 billion as of Wednesday's market close.

What's Elon Musk's favorite car to drive? While Musk hasn't explicitly named a favorite, he frequently drives Tesla models, suggesting a personal preference for their performance and sustainability. He's also expressed admiration for the classic Jaguar E-Type and the iconic McLaren F1.

Tesla, Inc. Unique among foreign automakers in China, the plant is wholly owned by Tesla and not operated as a joint venture with a Chinese company, the first time the government had allowed such an arrangement.

Elon Reeve Musk (/ˈiːlɒn/; born June 28, 1971) is a businessman and investor known for his key roles in space company SpaceX and automotive company Tesla, Inc. Other involvements include ownership of X Corp., formerly Twitter, and his role in the founding of The Boring Company, xAI, Neuralink and OpenAI.

According to Good Jobs First's Subsidy Tracker, since 2009, Tesla has received $2.8 billion in government subsidies. About 88% of those subsidies came from states, while the rest came from federal grants.

Elon Musk was once lauded as a sort of green Tony Stark – the genius inventor who leads a double life as superhero Iron Man – for single-handedly tackling the climate crisis one Tesla at a time, helping to forge a clean energy future and pushing for new taxes to drive down fossil fuel use.

The Tesla founder is known for his love of automobiles. According to many outlets, Musk owns several cars including a 1920 Ford Model T and a Tesla Roadster that he sent into space. The billionaire also purchased a McClaren F1 for $1 million that he eventually sold.

EV maker Tesla and SpaceX owner and tech billionaire Elon Musk earns approximately $6,887 per minute, $413,220 per hour, $9,917,280 per day, and $69,420,960 per week, the media has report.

She donated to the Tampa Food Bank in 2023, helping to give over 125,000 meals to people in the Tampa area. She also makes sure her staff is taken care of, gifting nearly $50 million to all members of her Eras crew.