A new bizarre move, as usual, was made on Saturday by the eccentric CEO of Tesla, Elon Musk. In particular, he launched a poll in which he asks his 62.5 million followers on Twitter if he should sell 10% of the shares he holds in the electric vehicle company.
“There has been a lot of talk lately that unrealized profits are a means of tax evasion, so I propose to sell 10% of my stake to Tesla,” Musk wrote in a social media post, assuring that he would abide by the poll no matter what. this.
Musk’s move comes after a US congressional proposal to tax billionaires’ assets to fund the social agenda and climate change actions promoted by US President Joe Biden.
Musk is, after all, one of the richest people in the world and the owner of many futuristic companies, including SpaceX and Neuralink. He had previously criticized the tax proposal for the rich, again via Twitter.
In his post, the eccentric billionaire added: “Note, I do not receive a salary or bonus from anywhere. “I only have shares, so the only way I can personally pay taxes is to sell shares.”
Musk holds about 170.5 million Tesla shares as of June 30, so selling 10% of them equals $ 21 billion in stock at the close of trading on Friday 5/11/2021, according to Reuters calculations.
It is worth noting that 55.7% of the 706,660 people who had voted within the first hour of his post were in favor of the sale of shares by Musk.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
