Elon Musk donates $5.7 billion in Tesla shares to charity

[SouthBayDem]

Source: Axios

Elon Musk donated some $5.7 billion in Tesla shares to charity last November, according to a filing with the Securities and Exchange Commission published Monday.

The big picture: The donation of 5,044,000 shares to the unidentified charity from Nov. 19 to Nov. 29 by the Teslas CEO and world's richest person were made days before he traded barbs with Sen. Elizabeth Warren (D-Mass.) over taxes, during which he declared he'd "pay more taxes than any American in history this year."

Read more: https://www.axios.com/elon-musk-donates-billions-tesla-shares-charity-41205859-def3-480d-a49a-b71a39f89265.html

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Out of a $200bn+ net worth - whoop dee doo.

[DENVERPOPS]

1. I would love to know

Which Charitiy or Charity's he donated to.......

I for one, would love to see A Dem Zillionaire give ten billion to Lincoln Project so that their great ads would appear somewhere besides her on D.U.

I would start with Fox News, during prime time 4x an hour. Next would be the Major news media corporations. Broadcast TV, Cable news stations, major city newspapers in the front section, etc etc.......

The Dem Zillionaires got the same tax cuts as the Republican Zilionaires did, so they should have money from that source to donate without touching their principal. And they could maybe throw in one year's profits from their investments that also increased their net worth.....

[NotHardly]

23. Tell me when the checks arrive and who got what... I'll believe it then

[GoneOffShore]

2. Elon - still trying to fit into that itchy human suit and failing.

[dchill]

3. Elon is Edgar in "Men In Black."

[SunSeeker]

4. LOL Yep.

[GoneOffShore]

5. But uglier and more evil.

[2naSalit]

7. LOL, yup!

[2naSalit]

6. Now that they aren't worth shit?

Makes sense to a narcissist.

[Comfortably_Numb]

8. So this nut will pay billions to people he wants to, but whines about paying taxes that benefit

all of society. What a scam.

[Raster]

10. you understand fully...

...no one should attribute anything altruistic to Musk. If he had his way, he would pay no taxes and keep the donations.

[Raster]

9. Musk has an estimated $10 billion tax bill coming due...

...this is just another deduction.

[SolutionsMan]

11. I think we are lucky to have Musk

I am unwilling to bash a guy who ideates and literally creates jobs every where he looks.
He's on a mission. He's not perfect, but you don't have to say "evil" or "nut". He has Asperger's, right ?

Give the man a break.

[Emile]

12. I thought demand is what creates new jobs! You

are giving the capitalist way too much credit!

[Raster]

15. Hi Elon! Welcome to DU!

:wave:

[Spazito]

19. LOL...

"Give the man a break'. Not likely. He runs a company that is so racist the state of California is suing it.

He is not only an anti-vaxxer, he is a racist anti-vaxxer.

California sues Tesla over alleged rampant discrimination against Black employees
https://www.npr.org/2022/02/11/1080073061/california-sues-tesla-racism-fremont

Tesla must pay $137 million to ex-worker over hostile work environment, racism
https://www.cnbc.com/2021/10/05/tesla-must-pay-137-million-to-ex-worker-over-hostile-work-environment-racism.html

Being a racist anti-vaxxer isn't caused by autism, it's caused by being a racist anti-vaxxer and all the 'donations' in the world doesn't change that.

[RussBLib]

20. Musk got fully vaxxed

and he vaxxed his kids. He says he still believes it is a matter of personal choice. I don't think that makes him an anti-vaxxer.

Not defending him. just sayin'

[Spazito]

21. He is an anti-vaxxer...

The hosts at Fox are fully vaccinated yet are full blown anti-vaxxers on their programs. Promoting, in any way, that one shouldn't get vaccinated makes one an anti-vaxxer to me.

He is against mandates, has posted anti-vax memes, supports the so-called 'protests' in Canada.

The man is a racist anti-vaxxer.

[Mawspam2]

24. Please check back after you read the California...

...discrimination suit.

https://www.msnbc.com/the-reidout/watch/elon-musk-s-car-company-tesla-faces-allegations-of-racist-discrimination-against-black-employees-133168709936

[Hav]

13. I don't like Musk,

especially his recent anti-left behavior made him look like an ignorant asshole.
But people demand all the time that rich people give back more and when they do it's never enough. "Just" 5.7 billion. Don't like it? Decline his money, tell him to keep it or donate it yourself.
As long as it's not his own foundation to ship around money and if it's a charity that does good, why is this not a good thing? And while it may easy his tax burden, he's still losing more money by donating (unless he's doing shady things with a charity that funnels the money back to him).

[Emile]

14. I don't give a rats ass who he gives money to, I just want these

rich assholes to pay taxes at the same rate as the rest of us!

[lostnfound]

17. Donors Trust? 501C3 conservative public policy. And Musk associate Peter Thiel just quit Meta

“Charity” could easily be a politically motivated donation. Donor’s Trust counts as “charity”, and it’s focused on a “ conservative public policy agenda in the areas of labor unions, climate science, public schools, and economic regulations” with complete donor secrecy.

Or to fake religion (to get GOP elected) or pretend education (to inculcate rightwing ideas)
Like Joe Osteen / Falwell / thousands more like them
Barbara Bush’s donation to have schools buy Neil Bush’s Ignite software

In the meantime, Peter Thiel quits Meta board to push his “conservative” candidates.

It’s naive to picture this as money to protect the environment or feed the homeless or any traditional charity.

[hippywife]

22. How philanthropy benefits the super-rich

https://www.theguardian.com/society/2020/sep/08/how-philanthropy-benefits-the-super-rich

[bucolic_frolic]

16. I didn't get any

[Vinca]

18. I don't care. He's still an asshole.

[Akoto]

27. If it's legitimately gained. We have no laws against that and should not, IMO. n/t

[Vinca]

28. I wasn't referring to his wealth. According to news reporting this week, he fosters

an environment of both racism and sexism. I don't care if people are fabulously wealthy (as long as I'm not paying more in taxes than they do), but some things - many things - are more important than money.

[Akoto]

29. Sorry, I intended to reply to the in-subject question below your post. n/t

[Joinfortmill]

25. Yes but should one person have this much wealth?

[brooklynite]

30. What is the acceptable amount?

Which business that Musk started resulted in "unfair" income?