Elon Musk donates Tesla shares worth $112 million, impact of Musk’s assets and donations

1. Tax planning strategy:

Stock donations have a big advantage for Musk. It not only helps in reducing taxes, but also saves capital gains tax. This is a smart financial strategy that many billionaires adopt.

2. Musk’s control in Tesla:

Even after such big donations, Musk has significant control of Tesla. Currently, he holds 411 million shares, which is 13% of the company’s total shares.

3. Philanthropy or optics?

Looking at the previous examples, many people raise the question that what is the real purpose of Musk’s philanthropy—social impact or financial optics? Musk has previously donated his shares to his own foundation, which raises questions about his intentions.

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