Skip to main content

Tesla Ceo Elon Musk donates almost $2bn of Tesla shares to charity.

The donation of 11.6 million shares was described in a filing with US regulators as "a bona fide gift".

The filing did not name the recipient, or recipients, of the donation.

Also on Wednesday, Mr Musk said that towards the end of this year would be a "good time" to find someone to succeed him as the chief executive of Twitter.

The document lodged with the US Securities and Exchange Commission showed the donation was made between August and December last year.


Tesla did not immediately respond to a BBC request for comment.

It is not the first time Mr Musk, who has an estimated net worth of $197.5bn, has given Tesla stock to charity. He donated around $5.74bn worth of shares in 2021, according to a regulatory filing.

He also said on Twitter that year, that he planned to donate $20m to schools in Cameron County and $10m to the city of Brownsville in Texas for "downtown revitalization".


Mr Musk has also hinted that he plans to find his successor as chief executive of Twitter by the end of 2023.

"I'm guessing probably towards the end of this year would be good timing to find someone else to run the company, because I think it should be in a stable position around, you know, at the end of this year," he said.

"I think I need to stabilise the organisation and just make sure it's in a financially healthy place and that the product roadmap is clearly laid out," he said on a video link at the World Government Summit in Dubai.

The multi-billionaire businessman bought the social media platform last year for $44bn. He has since said the company was close to bankruptcy.

However, he has been criticised by some Tesla investors for spending too much of his time focussing on trying to turn around Twitter.

In November, addressing the G20 Summit in Bali, Indonesia, Mr Musk said he was working too much as he juggled his responsibilities at Twitter, Tesla and the rocket company SpaceX.

"My workload has recently increased quite a lot," Mr Musk said. "I have too much work on my plate, that is for sure," he added.

Comments

Popular posts

Kenyan senator campaigns against stigma around menstruation

The sight of a red bloodstain on   Kenyan   Senator Gloria Orwoba's white pantsuit was so startling that a female security guard rushed over to hide it. It was an accident, Orwoba said. Just before walking into parliament, she looked down to discover that she had been caught unprepared by her monthly period. For a moment, she considered retreat. But then she thought about how the stigma around menstruation affects Kenyan women and girls and strode into the building. To those who noticed the stain, she explained she was making a statement. It didn’t last long. Within minutes, colleagues in the senate became so uncomfortable that another female lawmaker petitioned the speaker to ask Orwoba to leave and change her clothes. Male colleagues agreed, calling the issue “taboo and private,” and Orwoba walked out. A male colleague accused her of faking her accident in parliament, to which she replied in a local media interview that “everyone would rather think it's a prank, because if i...

Zimbabwe’s size of tobacco crop increased despite increased fertilizer prices caused by the war in Ukraine.

Image credit: apnews.com The size of the tobacco crop increased despite increased fertilizer prices caused by the war in Ukraine. Zimbabwe expects to harvest 230 million kilograms (254,000 tons) of the golden leaf this season, up from 212 million kilograms (234,000 tons) last year, officials said at the official opening. The southern African country now wants to make its tobacco industry more lucrative by manufacturing more cigarettes at home and limiting foreign funding of farmers. Currently, China funds the bulk of production and buys the lion’s share of Zimbabwe’s tobacco. The war in Ukraine affected Zimbabwe’s tobacco farmers “quite badly because it happened at the time when we were planting our crop, so we did pay more for fertilizer than we should have,” said Patrick Devenish, chairman of the regulatory body, the Tobacco Industry Marketing Board. He attributed the spike in production to more growers taking up the crop, from about 123,000 farmers last season to about 150,000 this ...

How To Get Into The Video Gaming Industry

  Job Opportunities in the Video Gaming Industry In today's digital and  technological  world, video gaming is a booming industry that offers a vast array of job titles and career paths. With the growing popularity of  gaming  comes a plethora of career opportunities within the industry. Some job  titles include animators, game designers, sound engineers, test developers, marketers and sales representatives, writers and technical support professionals. Animators are responsible for creating character movement in game animation while game designers develop the look and feel of the game by creating levels and design elements that drive player engagement. Animators also collaborate closely with artists to create dynamic gaming environments while sound engineers are responsible for creating music and audio effects that make games more exciting to play. Test developers work on testing the game's systems ensuring there are no bugs or glitches that can hinder game...