Twitter has spoken—after Elon Musk polled his much than 62 cardinal followers connected whether helium should merchantability 10 percent of his Tesla shares, by Sunday a bulk had voted "yes."
"I was prepared to judge either outcome," said Musk, who regularly takes to Twitter to marque unexpected announcements oregon astonishing comments. He did not specify erstwhile oregon however helium plans to merchantability the shares.
The electrical car maker's query connected Saturday nighttime follows a connection by US Congressional Democrats to taxation the ace affluent much heavy by targeting stocks, which are usually lone taxed erstwhile sold.
Musk had already criticized the connection astatine the extremity of October, tweeting: "Eventually, they tally retired of different people's wealth and past they travel for you."
He broached the taxable again connected Saturday, penning connected Twitter: "Much is made lately of unrealized gains being a means of taxation avoidance, truthful I suggest selling 10% of my Tesla stock."
He besides shared a canvass asking followers whether they hold "yes" oregon "no."
By Sunday, 57.9 percent of those who voted had picked "yes."
Musk owned astir 17 percent of Tesla's outstanding shares arsenic of June 30, presently worthy $208.37 billion, according to Bloomberg.
The entrepreneur was besides awarded a ample bundle of banal options and convertible shares arsenic compensation.
By selling 10 percent of his shares, helium could theoretically gain conscionable nether $21 billion.
His wealthiness swelled with the caller surge successful Tesla's stock price, from astir $130 astatine the commencement of 2020 to $1,222.09 arsenic of Friday.
Taking into relationship his stakes successful his different companies, specified arsenic neurotechnology steadfast Neuralink and SpaceX, Musk is, successful theory, the richest antheral successful the world, with an estimated luck of immoderate $338 billion, according to Bloomberg.
"Note, I bash not instrumentality a currency wage oregon bonus from anywhere," Musk tweeted Saturday.
"I lone person stock, frankincense the lone mode for maine to wage taxes personally is to merchantability stock."
© 2021 AFP
Citation: Twitter votes Elon Musk should merchantability 10 percent of Tesla banal (2021, November 8) retrieved 8 November 2021 from https://techxplore.com/news/2021-11-twitter-votes-elon-musk-percent.html
This papers is taxable to copyright. Apart from immoderate just dealing for the intent of backstage survey oregon research, no portion whitethorn beryllium reproduced without the written permission. The contented is provided for accusation purposes only.