The SEC filing, dated December 30, showcased that the billionaire donated over 210,699 TSLA shares. According to Benzinga Pro data, Tesla's December 30 high was $463.12, which would translate to shares worth over $97.5 million donated by the CEO.
Influencer **Sawyer Merritt**, in a post on the social media platform X said that the shares were transferred as part of “year-end tax planning.”
Merritt, in another post, added that the shares were donated by the CEO to his charitable trust.
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In a separate post on X on Wednesday, the billionaire claimed that once the amount of taxes paid by him, in a year's time, "broke" the **Internal Revenue Service** (IRS) system. "Too many digits. They had to update the software to get it processed," the billionaire shared in the post.
Musk had earlier slammed Sen. Bernie Sanders (I-VT), calling the Senator a "taker" who can never make anything. Musk also said that all of his wealth was tied to Tesla and SpaceX shares, adding that an increase in share value would occur with good quality products and services.
Sanders, on the other hand, has been a vocal critic of Musk and other billionaires on multiple occasions, urging the federal government to introduce taxation on the wealthy. Sanders has also opposed the tech industry’s AI and Robotics push.