Friday, November 22, 2024

On Twitter, Elon Musk asks if he should sell 10% of his Tesla stock

The game can be called: Who wants to help me manage my millions? He will also have a “Public Vote” card. Elon Musk asked his 62 million Twitter followers on Saturday if he should sell 10% of his Tesla stock. He privately emphasized that he would stick to their decision.

The eccentric head of the electric-car maker appears to have a new proposal from Democrats, who would like to tax the super-rich by targeting their stock, usually only taxed when they are sold. “There’s been a lot of talk lately about unrealized gains as a tool for tax evasion, so I’m suggesting I sell 10% of my Tesla stock,” Elon Musk wrote in a tweet.

“Yes” for a moment in mind

Do you agree? Then he asks netizens, suggesting that they vote “yes” or “no.” And the billionaire adds: “I will respect the results of this poll, whatever the outcome.” At about 9 pm GMT (10 pm in Paris), she was Responses tend to be approximately 55% in favor of ‘yes’.

According to Bloomberg, Elon Musk owned about 17% of Tesla’s shares outstanding as of June 30, which are currently worth $208.37 billion. The entrepreneur also received a large pool of stock options and convertible shares as compensation. With his stakes in his other companies, Neuralink and especially SpaceX, Elon Musk is theoretically the world’s richest man with a fortune that Bloomberg estimates at $338 billion.

“Note that I don’t get my salary in cash or bonus anywhere,” Elon Musk noted on Twitter. “I only have shares, so the only way for me to pay taxes in person is to sell the shares.” So his brokers warn: There is work.

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