The Strategist

Elon Musk ready to sell 10% of his Tesla shares following Twitter poll

11/08/2021 - 12:35

Elon Musk, the world's richest man, has launched a vote on Twitter to sell 10% of his Tesla stock. He said there is now "a lot of chatter" about unrealized earnings being utilized to avoid paying taxes. The selling of the shares was backed by a majority of the shareholders.

NVIDIA Corporation via flickr
NVIDIA Corporation via flickr
"Because there has been a lot of debate recently regarding unrealized profits as a way to avoid paying taxes, I am thinking of selling 10% of my Tesla stock. Do you agree with this? ", wrote Mr. Musk. He stated that he does not receive any income or bonuses and that selling shares is his only means of paying taxes.

So far, 1.6 million Twitter users have voted in the poll. 53.7 percent agreed with the businessman's plan, while 46.3 percent disagreed. "Whatever the conclusion of this poll," Mr. Musk concluded, "I will make a decision based on the findings of this poll." The poll will run for approximately 24 hours.

Elon Musk is the richest person on the globe, according to Forbes and Bloomberg. His net worth is estimated to be $318 billion and $338 billion dollars, respectively. He came out against the "billionaire tax" plan at the end of October. This, he believes, will not aid in the resolution of the US national debt crisis.