Elon Musk donates 268,000 Tesla shares for ‘year-end tax planning’

Tesla CEO Elon Musk has donated 268,000 shares worth nearly $112 million to undisclosed charities as part of his year-end tax planning. This is not his first such donation; in 2022 and 2021, Musk also gifted significant Tesla shares to charitable causes. Musk holds approximately 13% of Tesla’s total shares.