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He did "put the profits to good use", donating $5.7 billion of Tesla shares to charity in 2021: https://www.philanthropyroundtable.org/elon-musks-philanthropy-a

• fishywang 4y ago
  that was for tax reasons.
  • s1artibartfast 4y ago
    You can't net money by donating to charity. This is a fundamental misunderstanding of what a tax deduction is.
    • pmonks 4y ago
      No one said you could. That doesn’t mean it’s not still financially beneficial.
      • Jensson 4y ago
        How can it be financially beneficial if you lose money doing it?
• vletal 4y ago
  Or. Maybe, just maybe, he used it to avoid paying taxes like other billionaires do. https://www.nytimes.com/2018/08/03/business/donor-advised-funds-tech-tax.html https://www.nytimes.com/2018/08/03/business/donor-advised-fu...
  • zeroonetwothree 4y ago
    This article is about DAFs. Is there evidence that's what Musk is doing?
    • s1artibartfast 4y ago
      It is pure speculation
  • s1artibartfast 4y ago
    What problem do you have specifically with donor advised funds?
• bogomipz 4y ago
  And yet there's reason to believe that that the unloading of those 10% of Tesla shares was to cover a looming $15 billion tax bill. And he would have done so anyway. https://www.cnbc.com/2021/11/07/elon-musk-faces-a-15-billion-tax-bill-which-is-likely-the-real-reason-hes-selling-stock.html https://www.cnbc.com/2021/11/07/elon-musk-faces-a-15-billion... That not withstanding though, what genuine act of philanthropy requires conducting a Twitter poll to ask strangers if you should donate to charity?