Elon Musk asks Twitter followers if he should sell 10% of Tesla stock

‘I enact no longer make a choice a cash wage or bonus from anyplace,’ Elon Musk said. ‘I easiest win stock, thus basically the most entertaining scheme for me to pay taxes personally is to promote stock.’ Photo: Michele Tantussi/Reuters

Elon Musk

  • Entrepreneur refers to US proposal for ‘billionaires tax’
  • Virtually 56% of respondents bid Musk would possibly well just unruffled promote shares

Reuters in Contemporary York

Elon Musk on Saturday requested his 62.5 million followers on Twitter if he would possibly well just unruffled promote 10% of his Tesla stock.

“Mighty is made recently of unrealized gains being a plan of tax avoidance, so I indicate selling 10% of my Tesla stock,” Musk wrote in a tweet regarding a “billionaires’ tax” proposed by Democrats in the US Senate.

Musk tweeted that he would abide by the outcomes of the poll. It got bigger than 700,000 responses in the hour after Musk posted it, with nearly 56% of respondents approving the proposal to promote the shares.

Musk’s shareholding in Tesla comes to about 170.5 million shares as of 30 June and selling 10% of his stock would amount shut to $21bn in conserving with Friday’s closing, in accordance to Reuters calculations.

Analysts bid he would possibly well just must offload a huge different of shares anyway to pay taxes since a broad different of alternate choices will expire next year.

The comments from Musk near after the proposal in Congress to tax billionaires’ resources to succor pay for Joe Biden’s social and local weather-exchange agenda. Musk is one among the enviornment’s richest other folks and owner of corporations including SpaceX and Neuralink. He has criticized the billionaires’ tax on Twitter.

“Put, I enact no longer make a choice a cash wage or bonus from anyplace,” Musk said. “I easiest win stock, thus basically the most entertaining scheme for me to pay taxes personally is to promote stock.”

Tesla board contributors including Elon Musk’s brother Kimbal win no longer too long previously supplied shares in the electric carmaker. Kimbal Musk supplied 88,500 shares whereas fellow board member Ira Ehrenpreis supplied shares price bigger than $200m.

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