Elon Musk’s followers on Twitter suggest he sell 10% of his Tesla shares

Elon Musk asked his followers on Twitter if he should sell 10% of his shares in Tesla. The answer? Of the 3.5 million of them who voted between Saturday and Sunday, 57.9% answered “yes”.

“I was prepared to accept any result,” said the businessman who regularly uses the social network to make unexpected announcements or surprising comments. Although he did not specify when and how he will carry out the maneuver.

The eccentric founder of the electric vehicle manufacturer Tesla it seems to point with the gesture to a new proposal by the Democrats in the US Congress, who want to increase the taxes of the richest by taxing their shares, which are generally only taxed when they are sold.

At the moment the proposal seems to have been shelved.

Musk he criticized the proposal in October, writing in a tweet: “When they finish using up other people’s money, they come for yours.”

On Saturday he again addressed the issue and wrote:

“There’s been a lot of talk lately that unrealized gains are a means of avoiding taxes, so I’m proposing to sell 10% of my Tesla stock,” Musk wrote in a tweet linked to the stock sale survey.

According to Bloomberg, Musk owned as of June 20 about 17% of the outstanding shares of Tesla, which are equivalent to 208,370 million dollars.

By selling 10% of its shares, it could theoretically recover just under $ 21 billion.

The businessman also received a large package of stock options and convertible shares as compensation.

His fortune grew with the recent takeoff of the stock market price of Tesla, which went from about $ 130 in early 2020 to $ 1,222.09 on Friday night.

With your interests in other companies, Neuralink and above all, SpaceX, Musk is theoretically the richest man in the world with a fortune estimated at more than 338,000 million dollars.

“Keep in mind that I do not receive a cash salary or bonuses, anywhere,” he said on Twitter on Saturday. “I only have shares, therefore the only way for me to pay taxes personally is by selling shares.”



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