Thursday, November 21, 2024

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

New clown who is the usual or the real question? Elon Musk asked his 62 million Twitter followers on Saturday if he should sell 10% of his shares in Tesla, and he assured that he would abide by their decision.

Electric-car maker Elon Musk appears to be eccentric with a new proposal from Democrats, who would tax the super-rich by targeting their stock, which is usually only taxed when sold.

“There’s been a lot of talk lately about unrealized gains as a tool for tax evasion, so I’m suggesting I sell my 10% of Tesla stock,” Elon Musk wrote in a tweet.

Do you agree? He then asks netizens, suggesting that they vote “yes” or “no.” “I will respect the results of this poll no matter what,” the billionaire adds.

Around 9:00 p.m. on Saturday, the answers were about 55% in favor of “yes.”

A fortune of $338 million

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 paid in cash or bonus anywhere,” Elon Musk said on Twitter. “I only have shares, so the only way for me to pay taxes in person is to sell the shares,” he adds.

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