Elon Musk Told to Sell Tesla Shares by Twitter Users
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Elon Musk has been told to sell 10 percent of his Tesla shares by Twitter users who voted in a poll
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The vote could force the billionaire to dispose of $21bn worth of Tesla shares after he promised to abide by the result
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As of June 30, Musk owned about 17 percent of Tesla’s outstanding shares, worth over $200 billion
Twitter users have voted in favor of Tesla CEO Elon Musk selling 10% of his Tesla stocks to pay tax.
58% of more than 3.5 million Twitter users who voted in the poll voted in favor of the billionaire selling his shares.
This vote could cause the billionaire to lose almost $21 billion worth of electric car maker Tesla shares.
Musk made the proposition after a recommendation by Congressional Democrats that billionaires be taxed by targeting their stocks.
The Tesla CEO then proposed:
“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,”
“I will abide by the results of this poll, whichever way it goes,”.
Elon Musk, the world’s richest man is however yet to comment following the result of the poll.
As of June 30, Musk owned about 17 percent of Tesla’s outstanding shares, worth over $200 billion, according to Bloomberg.
In addition to his stakes in SpaceX and Neuralink, the billionaire is estimated to be worth $338 billion.
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