Elon Musk donates 268,000 Tesla shares for “year-end tax planning”: Represents gifts of …, says SEC filing

Elon Musk has made ‘mystery gifts’. According to a recent regulatory filing, Tesla CEO Elon Musk donated 268,000 shares of Tesla stock valued at nearly $112 million. The Securities and Exchange (SEC) filing dated December 30 says that the donation is to charity and that the transaction is part of Musk’s year-end tax planning. The donation reportedly is gifts of common stock to nonprofits that are unknown, as per the filing.

Elon Musk, who owns about 12.8% of Tesla, made the donation as part of his “year-end tax planning” to “certain charities” that have “no current intention to sell such stock,” the filing showed.