Categories: World
| On 3 weeks ago

Elon Musk should sell $23 billion in Tesla stock, concludes Twitter poll

By Aswin Kumar

Elon Musk, the CEO of Tesla and the world’s richest man, says he will sell 10% of Tesla shares (TSLA) if his Twitter audiences suggest him to.

Musk entered the argument over US tax policy in a Twitter poll on Nov. 6 by proposing to put it to the test with a $23 billion sale.

This year, US Treasury Secretary Janet Yellen made a stir by advocating that unrealized gains should be taxed as part of a proposal aimed at “exceptionally rich” individuals.

Apart from moral concerns, bitcoin proponents slammed the plan, claiming that it entails mathematics that is nearly difficult to apply to cryptocurrencies.

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Musk skirted direct criticism by vowing to sell 10% of his Tesla stock if the survey results indicated that it was necessary.

“I will abide by the results of this poll, whichever way it goes,” he wrote.

He went on to say that he doesn’t get a “cash salary or bonus from anywhere,” thus the sale would be his lone taxable event.

At the time of writing on Sunday, 57 percent of the survey’s 3.2 million respondents believed he should go ahead and sell the 19.3 million TSLA shares at $1.222 apiece, for a total of $23,582,600,000.

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Aswin Kumar

A creative science nerd! Buy me a coffee: buymeacoffee.com/aswinkumar

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