Elon Musk makes £4.2bn in charitable donations in 2021 amid Tesla uncertainty

Elon Musk asked Twitter if he should pay tax

Eccentric entrepreneur Elon Musk donated $5.7bn (£4.2bn) worth of Tesla shares last year, making him the second-biggest philanthropic of the year according to a new security filing.

According to this document, the Tesla boss donated 5,044,000 shares to an unnamed charity. 

If this filing is correct, this puts the South African-born businessman just behind Bill and Melinda French Gates, who donated an estimated $15bn (£11bn). 

Musk was notably named Time magazine’s 2021 “Person of the Year” last year, and has an estimated worth of $297bn (£224bn).

It comes alongside Musk also paying more than $11bn (£8bn) in taxes in 2021 after heavy criticism of potential tax-dodging, as well as his infamous Twitter poll, which saw the billionaire offer to sell his Tesla stock if the United Nations could show him how $6bn (£4bn) could solve world hunger.

However, Tesla has been under fire for software errors in recent weeks, forcing the firm to recall 26,000 cars.

Musk also faces a fresh legal challenge from the US stock market watchdog for his 2018 tweet, regarding taking Tesla private, which sent its share price soaring.

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