Elon Musk tweets to ask if he should sell some Tesla stock

Some Democrats in finding been pushing for billionaires to pay taxes when the label of the stocks they retain goes up, although they assemble now not sell any shares. It’s a view known as “unrealized positive aspects,” and Musk is sitting on a host of them with a in finding price of roughly $300 billion

Connected Press

November 07, 2021 / 08: 44 AM IST

Elon Musk (Illustration: Moneycontrol)

Elon Musk (Illustration: Moneycontrol)

Tesla CEO Elon Musk is asking on Twitter whether he would possibly per chance well still sell 10 p.c of his stock within the electric automobile (EV) firm amid stress in Washington to amplify taxes on billionaires love him.

Some Democrats in finding been pushing for billionaires to pay taxes when the label of the stocks they retain goes up, although they assemble now not sell any shares. It’s a view known as “unrealized positive aspects,” and Musk is sitting on a host of them with a in finding price of roughly $300 billion.

“Necessary is made these days of unrealized positive aspects being a technique of tax avoidance, so I suggest selling 10% of my Tesla stock,” he tweeted Saturday afternoon. “Put you give a boost to this?”

By 5: 40 p.m. Eastern time, a puny better than two hours after Musk’s initial tweet, 54 p.c talked about certain out of a total of 876,189 votes.

Necessary of Musk’s wealth is held in shares of Tesla, which does now not pay him a money salary. “I handiest in finding stock, thus the handiest system for me to pay taxes for my part is to sell stock,” he tweeted.

Musk, who’s identified for his in most cases flippant tweets, talked about he would “abide by the outcomes of this poll.”

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