Elon Musk Sinks Tesla Shares With Contentious Twitter Poll

Elon Musk is on the general accused of market manipulation for this reason of his Twitter antics, every now and then sending valuations of assorted crypto cash plummeting or skyrocketing.

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This time, on the other hand, he managed to sink shares of his hold company.

The billionaire riled up his 62.8 million Twitter followers after posting a pollabout whether or no longer or no longer he could perchance well simply quiet sell his shares in Tesla, the corporate he founded.

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“Grand is made no longer too long within the past of unrealized beneficial properties being a technique of tax avoidance, so I point out selling 10% of my Tesla stock,” he wrote on the social media platform. “Make you lend a hand this?”

3,519,252 of us voted in a severely shut draw, with 57.9% of voters announcing yes and 42.1% announcing no.

“I’m going to abide by the implications of this ballot, whichever plan it goes,” Musk continued.

Grand is made no longer too long within the past of unrealized beneficial properties being a technique of tax avoidance, so I point out selling 10% of my Tesla stock.

Make you lend a hand this?

— Lorde Edge (@elonmusk) November 6, 2021

The request and its subsequent results introduced Tesla stock down over 5% in pre market Trading on Monday morning.

Musk renowned in a apply-up Tweet that he does “no longer take a cash salary or bonus from any place” and that in easiest owning stock, he can easiest pay private taxes by selling said stock.

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The pollcomes following a unique tax proposal by Oregon senator Ron Wyden (which has since been dropped) that would possess all U.S. billionaires taxed on their investments, a knowing that Musk has overtly antagonistic.

“The Billionaires Profits Tax could perchance well perchance be obvious billionaires pay tax every year, accurate love working Individuals,” Wyden said closing month. “We possess a ancient opportunity with the Billionaires Profits Tax to revive fairness to our tax code and fund serious investments in American families.”    

Wyden himself reacted to Musk’s Tweet, reposting it and in conjunction with his hold commentary.

“Whether or no longer or no longer the sector’s wealthiest man will pay any taxes at all shouldn’t count on the implications of a Twitter ballot,” he wrote. “It’s time for the Billionaires Profits Tax.”

Whether or no longer or no longer the sector’s wealthiest man will pay any taxes at all shouldn’t count on the implications of a Twitter ballot. It’s time for the Billionaires Profits Tax. https://t.co/KFHw3VZ45H

— Ron Wyden (@RonWyden) November 6, 2021

Musk at this time owns spherical 20.7% of all Tesla stock (193.3 million shares). His accumulate price became as soon as spherical $310.3 billion as of leisurely Monday morning.

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