Elon Musk, the CEO of Tesla, gives $100 million worth of shares to charitable organizations.

He gave the Musk Foundation, his nonprofit organization, about $5.74 billion in 2021 and $1.95 billion worth of Tesla shares in 2022.

According to a regulatory filing, Elon Musk, the CEO of Tesla, gave 268,000 Tesla shares to unnamed charity just before the year ended. Based on the closing price of Tesla's stock at the time, the donation was estimated to be worth $108.2 million.

Musk has a history of making large year-end contributions, and this contribution is no exception. He gave the Musk Foundation, his nonprofit organization, about $5.74 billion in 2021 and $1.95 billion worth of Tesla shares in 2022.

The Securities and Exchange Commission (SEC) petition claims that Elon Musk gave the shares to unnamed charity as part of his "year-end tax planning." According to the filing, these unnamed nonprofits do not currently have any intentions to sell the given stock.

The Musk Foundation, which was established in 2001 by Elon and Kimbal Musk, funds a number of charitable endeavors, such as the development of safe artificial intelligence for the good of humanity, research and advocacy for human space exploration, pediatric research, science and engineering education, and renewable energy.

After this most recent contribution, Musk still owned roughly 12.8% of Tesla. According to Forbes, he was the richest person in the world with an estimated net worth of $408.3 billion.

The statement stated that they do not currently have any plans to sell the donated shares, although it did not name the precise charities who received the donation.

Sales of Tesla
Tesla's shares fell sharply following the announcement of Musk's donation and the company's first yearly sales loss in a decade. Tesla's stock dropped 6.1% on January 2, 2025, closing at $379.28. A broader market collapse coincided with this dip, as stocks fell and the dollar hit its highest level in two years.

In 2024, Tesla delivered 1.79 million vehicles, a 1.1% decline in annual sales that fell short of Wall Street's forecasts. The decline has been attributed to a downturn in worldwide demand as well as increased competition from Chinese rivals like BYD.

Elon Musk hasn't commented on this recent donation in public.