Tesla CEO Musk donated more than $100 million worth of Tesla stock in late 2023 to benefit undisclosed charities. (Preliminary summary: Five major predictions of Solana ecology: Musk launches currency, stablecoin market value quadruples, SOL spot ETF approved) (Background supplement: Musk X changed his name back to Elon Musk, Kekius Maximus, PEPE related meme coins (Fall) Tesla CEO Musk donated more than $100 million worth of Tesla stock to undisclosed charities at the end of 2023. Donation details According to Reuters, Musk donated 268,000 Tesla shares on New Year’s Eve on January 2, with a total value of approximately US$108.2 million. The donation was part of its "year-end tax planning," the filing said, noting that the charity "has no current intention to sell these shares." Musk currently holds about 12.8% of Tesla's shares. This donation continues the donation pattern of the past two years: in 2022, he donated Tesla shares worth US$1.95 billion; in 2021, he donated approximately US$5.74 billion. US dollar stocks mainly flow to the "Musk Foundation", a non-profit organization he founded. Musk Foundation and Personal Wealth The official website of the Musk Foundation shows that the foundation supports a number of charitable causes, especially in areas such as "developing safe artificial intelligence to benefit mankind." Musk remains the world's richest man with a net worth of $408.3 billion, according to Forbes. Despite this, he remained silent on the specific intentions or beneficiaries of this donation, and did not explain its purpose to the outside world. The stock price rose by more than 50%, and fell back in shock at the end of the year. Tesla (TSLA.O) stock price rose 53.93% in the past 6 months, reaching a maximum of $479.86 on December 17, 2024, and then fell back, currently closing at $379.28. Related reports: 5 major predictions of Solana ecology: Musk launches currency, stablecoin market value quadruples, SOL spot ETF approved, Musk Tesla Cybertruck exploded outside the Trump Hotel, Musk: The evil man chose the wrong car. "Musk donated another 108 million magnesium Tesla stock! Is he not explaining the purpose of the foundation to avoid taxes?" This article was first published on Dongfang District BlockTempo (Dong District Dongzhi - the most influential blockchain news media).