Elon Musk puts 10% Tesla stock sale to TWITTER POLL, promises to stick to result

Tesla CEO and billionaire Elon Musk asked the public whether he need to restful promote 10% of his stock in his electric automotive company, Tesla, promising to abide by the in a shuffle which disturbed social media users.

In a tweet on Saturday, Musk asked his followers to vote both yes or no to the sale of the stocks, which would possibly perchance well perchance perchance be valued at spherical $21 billion.

“Critical is made not too lengthy ago of unrealized good points being a vogue of tax avoidance, so I suggest selling 10% of my Tesla stock. Attain you strengthen this?” he questioned, promising to “abide by the implications of this poll, whichever come it goes.”

Musk – who is the field’s richest man with a discover value of over $318 billion – also claimed to “not take a money wage or bonus from anywhere,” and explained, “thus essentially the most traditional come for me to pay taxes for my share is to promote stock.”

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Interior ideal a couple of hours, over 1.3 million other folks voted in the poll, with the ‘yes’ faction preserving a shrimp majority.

“We’re witnessing the Twitter plenty deciding the of a $25B coin flip,” reacted challenge capital investor and billionaire Chamath Palihapitiya.

Detractors gain accused Musk of making an strive to tank Tesla’s stock. “This would dilute the public drift considerably, hurting your shareholders who love & strengthen you,” film director, screenwriter and entrepreneur Jonathan Stokes tweeted.

You create take into accout the very fact that Tesla stock will now tank on Monday resulting from this, thus ending the superior speed the stock has made the remaining month. Posts luxuriate in that is taking money out of the pockets of the folks who gain believed in you and your organization essentially the most. 😕

— Cory Wijnhamer (@corywijnhamer) November 6, 2021

Kimball Musk sold $110 million value of stock ideal ahead of his brother @elonmusk proclaims in a poll he is going to promote 10% of this Tesla stock. A 10% sale of Elon’s preserving would tank the stock. pic.twitter.com/Qg0QkLXdwX

— Nancy Pelosi Portfolio Tracker (@NancyTracker) November 6, 2021

Oregon’s senior Democratic Senator, Ron Wyden seized the opportunity to call for the introduction of the “Billionaires Earnings Tax.”

“Whether or not the field’s wealthiest man will pay any taxes the least bit shouldn’t depend on the implications of a Twitter poll,” he protested.

Others, however, supported the shuffle.

“Is excellent. In case your unrealized good points are going to be taxed, strive and be positive to gain the realized good points to duvet the associated price,” weighed in investor Scott Melker. “Mess with billionaires, you would possibly perchance well perchance perchance accept a market rupture. Level made.”

NSA whistleblower Edward Snowden also seemed to strengthen Musk’s resolution, tweeting, “Tesla stock tag is too high imo,” in apparent reference to no doubt one of Musk’s comprise posts.

It’s not the main time that Tesla’s stock has been self-discipline to no doubt one of Musk’s Twitter posts.

In May perchance well well additionally 2020, Musk famously tweeted that Tesla’s stock costs had been “too high” – a post which precipitated Tesla stocks to tumble by bigger than 11 p.c.

Musk has also previously been faulted for tanking the value of Bitcoin with these social media posts.

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