June 7, 2023

The Queens County Citizen

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Twitter Poll | Musk’s followers decided to sell 10% of his shares in Tesla

Twitter Poll |  Musk's followers decided to sell 10% of his shares in Tesla

(New York) Elon Musk asked his Twitter followers to sell 10% of his shares in Tesla. In all, 3.5 million of them voted between Saturday and Sunday and 57.9% answered “yes”.

The founder, who regularly uses the social network to make unexpected statements or shocking comments, said, “I am ready to accept whatever the outcome may be.” However, he did not specify when or how he would like to sell his shares.

Musk seemed to focus his attention on a recent suggestion from Democratic parliamentarians that Super-Rich proposed taxing more heavily by targeting their stocks, usually only when sold. This is the priority that is currently abandoned.

Elon Musk had already criticized the proposal in late October, writing in a tweet: “They will end up using everyone’s money and come and get your money. ”

On Saturday, he reiterated this, writing: “There has been a lot of talk recently about unrealistic benefits as a tool for tax evasion; I therefore propose to sell 10% of my Tesla shares. ”

His tweet suggested a small poll for Internet users to vote “yes” or “no”.

According to Bloomberg, Elon Musk owns 17% of Tesla’s best shares as of June 30, currently valued at $ 208.37 billion.

By selling 10% of its shares, it could theoretically recoup just under $ 21 billion.

Large amounts of options and convertible shares were also offered as compensation to the founder.

His fortune increased with the recent rise of the title from nearly $ 130 in early 2020 to $ 1,222.09 on Friday night.

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

“Note that I am not taking cash wages or bonuses anywhere,” he said on Twitter on Saturday. “I only have actions; So I personally the only way to pay taxes is to sell shares, ”he added.