Elon Musk asks Twitter if he should sell 10% Tesla stock
Tesla boss Elon Musk has asked Twitter if he should sell stock to pay taxes. And the answer is surprising.
The well-known entrepreneur is an addicted Twitter user. And he goes further and further. Earlier there was a discussion on Twitter whether billionaires should not pay more taxes. Musk was not directly in favor of that. Now he has a on Twitter poll launched asking if he should sell 10% of his shares of Tesla. He would then have to pay tax with that proceeds.
Musk Sell Tesla Shares
He also said that he would respect the outcome of the poll. “Whatever it is,” he added. Twitter then voted ‘yes’. oops.
The tech mogul launched the poll on Saturday in light of the recent legislative proposal to tax unrealized profits — or profits that only exist on paper and don’t become real until the investment is sold — which some have said would hit billionaires. enables tax avoidance. For context, Musk explained that he only receives payments from his stock companies and does not receive a cash salary or bonus. That’s why he said, “The only way I can personally pay taxes is by selling stocks.”
Where the
Musk owns more than 17% of Tesla stock, valued at more than $200 billion, according to the Wall Street Journal. Selling 10% of that at current prices would equate to about $21 billion.
A total of 3.5 million people voted in Musk’s poll, with 57.9% saying he should sell and 42.1% saying he shouldn’t. Not a very large majority, but a majority.
Musk has said very little on the subject since the poll ended. In a response to a tweet asking if the poll went the way he wanted, Musk said he was willing to accept either outcome. To be continued….
