Elon Musk donates almost $2bn of Tesla shares to charity

Tesla chief executive Elon Musk says he donated around $1.95bn (£1.6bn) worth of shares in his electric carmaker to charity last year.

The donation of 11.6 million shares was described in a filing with US regulators as "a bona fide gift".

The filing did not name the recipient, or recipients, of the donation.

Also on Wednesday, Mr Musk said that towards the end of this year would be a "good time" to find someone to succeed him as the chief executive of Twitter.

The document lodged with the US Securities and Exchange Commission showed the donation was made between August and December last year. read more