As CEO of Tesla, “I’ve done more for the environment than any single human on Earth,” he told the New York Times last year.
But American tax law dangles some significant incentives for them to do so.
Musk likely managed to shave a couple billion off his $11 billion tax bill in 2021, thanks to the $5.7 billion he donated to the Musk Foundation, according to the Times.
In Musk’s case, according to the Times, that meant giving millions of dollars to Cameron County, Texas.
“The way I see Elon Musk is that he’s really pushing the limits of the alternative approaches to philanthropy,” Pasic said.
Persons:
CNN Business ’, New York CNN — Elon Musk, Tesla, ”, MacKenzie Scott, Jeff Bezos, “, ’, ’ ” Musk, Musk, ” Amir Pasic, Indiana University Lilly, Elon, ” Pasic
Organizations:
CNN Business, New York CNN, New York Times, Musk, Times, Indiana University, Indiana University Lilly Family School of Philanthropy, SpaceX
Locations:
New York, Cameron County , Texas