Elon Musk, CEO of Tesla, has claimed he gave away about $2 billion in Tesla stock to charity in 2022.
In a document submitted to US authorities, the giving of 11.6 million shares was called “a bona fide gift.”
The document did not specify who would be receiving the gift.
In related news on Wednesday, Mr. Musk suggested that the end of this year would be an “excellent time” to select someone to replace him as Twitter’s chief executive.
The filing with the SEC revealed the contribution was made between August and December of last year.
When asked for comment by the BBC, Tesla did not immediately answer.
For Mr. Musk, donating Tesla shares to charity is nothing new. According to the document, he gave out almost $5.74 billion in shares in 2021.
In the same year, he announced on Twitter his intention to give $20 million to Cameron County schools and $10 million to Brownsville, Texas, for “downtown redevelopment.”
Mr. Musk has also given some hints that he intends to identify a replacement for himself as Twitter’s CEO before the year’s end.
According to him, the firm should be in a secure position by the end of the year. “I’m estimating maybe around the end of this year would be an ideal time to find someone else to lead the company,” he added.
On a video connection at the World Government Summit in Dubai, he stated, “I believe I need to stable the organization and simply make sure it’s in a financially sound position and that the product plan is clearly spelled out.”
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Last year, the social networking site was purchased by the multibillionaire businessman for $44 billion. He later said the firm was on the verge of collapse.
Some Tesla investors, though, have said he is diverting too much of his attention to attempting to fix Twitter.
Mr. Musk complained about his workload while representing Twitter, Tesla, and SpaceX at the G20 Summit in Bali, Indonesia in November.
Recently, my workload has grown significantly,” Mr. Musk stated. He said, “I have too much work on my plate, that’s for sure.”
