November 28, 2021

The Queens County Citizen

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Elon Musk asks on Twitter if he wants to sell 10% of his shares in Tesla

Elon Musk asks on Twitter if he wants to sell 10% of his shares in Tesla

The new Johnny he is accustomed to, or the real question? Elon Musk on Saturday asked his 62 million Twitter followers if he would sell 10% of his shares in Tesla and promised to respect their decision.

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The weird owner of an electric vehicle manufacturer seems to have in his eyes a new proposal from the Democrats who want to tax their super riches more heavily by targeting their stocks, usually only when they are sold.

“There has been a lot of talk recently about unrealistic gains as a tool for tax evasion; So I propose to sell 10% of my Tesla shares, ”Elon Musk wrote in a tweet.

“Do you agree?” He asks Internet users to vote “yes” or “no”.

“I respect the results of this survey anyway,” the multi-billionaire adds.

At 9:00 pm GMT, the answers were 55% in favor of “yes”.

According to Bloomberg, Elon Musk owns 17% of Tesla’s best shares as of June 30, currently valued at $ 208.37 billion. The entrepreneur is also granted a large package of stock options (Stock options) And convertible shares as compensation.

With his stakes in his other companies, Neuralink and especially SpaceX, Elon Musk is theoretically the richest man in the world, estimated at $ 338 billion by Bloomberg.

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“Note that I do not take salaries anywhere in the form of cash or bonuses,” Elon Musk said on Twitter. “I only have shares, so the only way for me to pay taxes personally is to sell the shares,” he says.