Should purchases of Tesla shares should be deductible as a charitable donation?

[pend1971]

Hi, I view buying Tesla shares more as a donation than an investment. Thoughts?

Title should be "Should purchases of Tesla shares be deductible as charitable donations?

 

[Johann Koeber]

No.

What would the sale of TSLA shares then be?

 

[Tam]

...buying Tesla shares more as a donation than an investment...

First, you need to switch Tesla into a not-for-profit company.

If so, it is not meant to pay back profits to those who pay in (for-profit payers are called investors/shareholders but not-for-profit payers are called donors/members).

For example, I could pay to become a member of PBS and no matter how much I pay, it won't ever give me back any profit at all!

 

[SW2Fiddler]

Yes, if you donate them to charity...

 

[MXWing]

I fully support 501(c)(3) status.

Being public didn’t work, neither did going private.

 

[Tam]

I fully support 501(c)(3) status.

Many schools are not-for-profit and they are rich too such as Stanford University.

Entertainment could also be not-for-profit as well such as New York City Ballet

Many U.S. hospitals are not-for-profit and they are huge and very rich.

So, I agree, Tesla should become not-for-profit too!

 

[commasign]

In 10 years, one share of Tesla will be worth $6000+. So I don’t see how buying shares now would be considered charity.

 

[jboy210]

Hi, I view buying Tesla shares more as a donation than an investment. Thoughts?

Title should be "Should purchases of Tesla shares be deductible as charitable donations?

Perhaps a donation to the short sellers retirement home. TSLA is +40 right now. I hope no one shorted on Musk's head fake.