In case you need any more reasons to never buy a Tesla, Bloomberg and The New York Times have a few.
From Bloomberg:
Elon Musk’s charitable foundation ballooned to $9.5 billion in assets last year while handing out $237 million in gifts, most of which went to other entities controlled by the world’s richest person.
The figures are part of the Musk Foundation’s latest tax filing, obtained Thursday by Bloomberg News. The annual snapshot shows the organization got a boost from the millions of Tesla Inc. shares it holds and sent $137 million to Musk’s other nonprofit, The Foundation, which he set up to establish a STEM-focused primary and secondary school.
Bloomberg lists more Musk-related entities that got his money. But even so, Musk’s charitable foundation is remarkably stingy. Bloomberg euphemistically describes it as “muted.’
Though Musk has widened his lead as the richest person ever, his philanthropy remains muted. Over the past three years, he disclosed giving away roughly $559 million in total, with 2023 being the biggest. By comparison, the Silicon Valley Community Foundation, a donor-advised fund with $13.6 billion in assets in 2023, made $4.7 billion in grants in that year alone.
