Tesla CEO Elon Musk Donates Shares Worth $100 Million to Charities

Elon Musk, the billionaire CEO of electric vehicle manufacturer Tesla, has made a significant charitable donation worth $100 million. The shares were donated on January 5, 2025, as part of Musk's ongoing efforts to give back to society.

According to sources close to Musk, he has pledged to donate nearly 1% of his outstanding Tesla shares, which are currently valued at over $10 billion. This move is seen as a significant contribution from Musk, who is known for his high-profile philanthropy and advocacy for various causes.

The donation comes during a remarkable year for Musk, who has been at the forefront of technological innovation and business disruption. In a statement, Musk's representatives expressed his commitment to using his wealth to make a positive impact on society.

Musk's charitable efforts have garnered attention in recent years, with he donating millions of dollars worth of food, vaccines and masks to various causes during the COVID-19 pandemic.

It remains to be seen how this donation will impact Tesla's stock performance, but analysts are noting that it is unlikely to have a significant short-term effect on the company's share price.