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    Elon Musk asks Twitter followers if they should sell 10% of Tesla shares | Elon Musk

    Elon Musk asked 62.5 million followers on Twitter if he should sell 10% of Tesla’s stock on Saturday.

    “Recently, many are made of unrealized profits, which is a means of tax avoidance, so I propose to sell 10% of Tesla’s shares,” Musk said of “Millionaire Tax.” I wrote in a tweet. Proposed by Democrats in the US Senate..

    Musk tweeted that he would follow the poll results. Over 700,000 responses were received within an hour of Musk’s posting, and nearly 56% of respondents approved the offer to sell their shares.

    Holding shares in Mask Tesla According to Reuters calculations, it reached about 170.5 million shares as of June 30, and selling 10% of his shares would be close to $ 21 billion based on Friday’s financial results.

    Analysts say many options will expire next year, so you may have to offload a significant number of stocks anyway to pay taxes.

    Comments from Musk come after a congressional proposal to tax millionaire assets to support Joe Biden’s payment of social and climate change agendas. Mask is one of the wealthiest people in the world and the owner of companies such as SpaceX and Neuralink. He criticizes millionaires’ taxes on Twitter.

    “Be careful, I don’t get cash salaries or bonuses from anywhere,” Musk said. “I only have stock, so the only way to pay taxes personally is to sell stock.”

    Tesla’s board members, including Elon Musk’s mother Kimbal, recently sold their stake in an electric car maker. Kimbal Mask sold 88,500 shares, and board member Islay Ehren Place sold more than $ 200 million in shares.

    Elon Musk asks Twitter followers if they should sell 10% of Tesla shares | Elon Musk

    Source link Elon Musk asks Twitter followers if they should sell 10% of Tesla shares | Elon Musk

    The post Elon Musk asks Twitter followers if they should sell 10% of Tesla shares | Elon Musk appeared first on Eminetra.

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