Elon Musk Donated Over 210,000 Tesla Shares Worth Almost $100 Million: 'Part Of Year End Tax Planning,' Says Sawyer Merritt
TeslaTesla(US:TSLA) Yahoo Finance·2026-01-03 10:45

Group 1: Share Donation - Elon Musk donated over 210,699 shares of Tesla, valued at approximately $100 million, to charity as per an SEC filing dated December 30 [2][3] - The shares were transferred as a gift, not a sale, and were part of year-end tax planning [3] Group 2: Taxation and Wealth - Musk claimed that the amount of taxes he paid in a year was so high that it "broke" the IRS system, necessitating an update to their software [4] - Musk criticized Senator Bernie Sanders, labeling him a "taker" and emphasizing that his wealth is tied to Tesla and SpaceX shares [5] Group 3: Production Plans - Tesla plans to scale up production of the Cybercab next year, with ongoing Robotaxi testing in Austin [7]