China News Service, February 16 (Xinhua) According to a comprehensive report, recently, Musk, the founder of the world's richest electric car Tesla (Tesla), was revealed to be donating about $5.7 billion worth of Tesla stock to charity in November 2021.
In this regard, some foreign media analysis said that although it is a good deed, Musk's generous gifts to charities are actually helpful for tax reduction.
Data map: The world's richest man Elon Musk.
According to reports, Musk’s filings with the U.S. Securities and Exchange Commission (SEC) show that he donated more than 5 million Tesla shares between November 19 and November 29, 2021.
According to the average price of Tesla stock that day, it is worth about $5.7 billion.
Singapore's "Lianhe Zaobao" pointed out that although it is a good deed, Musk's generous gifts to charities are actually helpful in reducing what Musk claims is the largest tax in American history.
Musk has repeatedly made high-profile public announcements that he is the person who will pay the most federal taxes in 2021, with tax payments of $11 billion.