Overview
- The transfer covered 210,699 Tesla shares on December 30, according to an SEC filing released this week.
- The filing did not identify the charities and said the recipients had no current intention to sell the stock.
- Reports note the gift is modest relative to Musk’s roughly $619 billion net worth, based on Bloomberg estimates.
- The donation extends a pattern of large stock gifts as Musk seeks greater voting control, with a shareholder-approved pay package that could lift his stake to nearly 29% if targets are met.
- Tesla is expected to report annual sales on Friday after publishing an analyst consensus that forecasts a second consecutive yearly decline.