Musk donated over $5.7 bln in Tesla shares to charity in November

Baku, February 15, AZERTAC

Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world's most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with the U.S. Securities and Exchange Commission (SEC) showed on Monday, according to Reuters.

The donation was worth $5.74 billion, based on the closing prices of Tesla shares on the five days that he donated the stock. The filing did not disclose the name of the charity.

The donation came as the billionaire sold $16.4 billion worth of shares after polling Twitter users about offloading 10% of his stake in the electric-car maker in early November.

He said on Twitter that he would pay more than $11 billion in taxes in 2021 due to his exercise of stock options set to expire this year.