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Twitter users ‘decide’ Musk to sell 10% of his Tesla stock

Rudyard Kipling by Rudyard Kipling
November 8, 2021
Twitter users ‘decide’ Musk to sell 10% of his Tesla stock
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Twitter users "he decided" Musk sells 10% of his Tesla stock
Twitter users have decided that Musk will sell 10% of his shares in Tesla / Photo EPA

Entrepreneur Elon Musk, founder of Tesla, suggested Twitter users decide to manage his 10% stake in the electric car company through a poll that closed on Sunday and the winning result was that he sell it.

Musk opened the vote with a comment: “There’s been a lot of talk lately that unrealized gains are a way to evade taxes, so I’m suggesting I sell 10% of my Tesla stock. Do you support this? ‘To which you can answer yes or no.”

More than 3.5 million users of the social network participated, and 57% suggested that it actually sells a tenth of its stake and the rest against it, after making sure that it sticks to the results “whatever it is”.

He also clarified that he does not receive a “cash salary or bonus from anywhere”: “I only have shares, so the only way to pay taxes in person is to sell the shares,” he said.

Musk, ranked the world’s richest man with a net worth of about $338 billion, has been in the spotlight in recent months due to controversy in the US Congress over a possible tax on the country’s largest fortune.

According to CNN, owner of a lot of money It has about 170.5 million titles and one-tenth of them sold for $1,222, making a profit of nearly $21,000 million. With a long-term capital gains tax rate of 20%, you’ll pay about $4.2 billion in taxes.

A few hours after the voting closed, a businessman Not commented on it.

Independent journalism needs to support its readers to keep going and make sure that uncomfortable news they don’t want you to read stays at your fingertips. Today, with your support, we will continue to work hard for censorship-free journalism!
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Rudyard Kipling

Rudyard Kipling

Rudyard Kipling writes for The Cleveland American, covering news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, important developments, and stories that matter.

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