The rich are different, Musk secretly donated $5 billion in stock

According to Tesla’s filings, Musk donated a total of 5 million Tesla shares to charity in November last year, which is equivalent to $5 billion based on the stock price at the time. Curious, who was it donated to?

At the end of November 2021, Tesla CEO Elon Musk donated a total of 5.044 million shares of Tesla common stock to an unnamed charitable organization, according to the SEC’s fifth category.

According to Tesla’s stock price of about $1,050 at the end of November last year, Musk’s donation was worth as much as $5 billion. The subtle thing is that Musk did not publicize this matter himself, nor did he say who it was donated to, which triggered netizens. A bit of guesswork.

The first unit to be named was the United Nations’ World Food Program. When Musk became the world’s richest man, WFP said that as long as these billionaires are willing to donate a little of their wealth, they can improve world hunger. question, which caused Musk to question.

Musk mentioned in the post that if the World Food Program can explain how $6 billion can fight famine, he is willing to sell Tesla stock to do it. WFP certainly didn’t miss out on the most successful fundraising opportunity in history, and then put up their detailed “The Rich to Save the Hunger” plan, explaining how they would use the donation.

Although Musk did not respond to WFP’s plan, the time and amount of the two events were very close, so they were considered to be Musk’s donations.

The second possible object is the Texas Institute of Technology and Science that Musk once mentioned to be founded, which echoes Tesla’s move of its headquarters to Texas, and hopes to cultivate more locally. Remote Programs for Talent.

Of course, this is also related to Musk’s love of telling jokes, because the abbreviation of this institute is TITS, which is the same as the common name for female breasts by American netizens.

The eccentric Musk, even when many people attacked him for selling stocks to cash out, manipulating the stock market and cryptocurrencies, did not talk about donations. Obviously, he deeply understands the truth of “haters always be haters”. Of course, this is not a sudden act of kindness. After all, Musk was also forced by the new U.S. tax system and had to sell some of his stocks. Rather than all the money being taken away by the government, it would definitely make more sense to donate it.

After all, who this donation, which is equivalent to the annual revenue of many listed companies, falls, I am afraid that we can only know if Musk himself responds.

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