Elon Musk Leaves Fate Of His $21 Billion Tesla Stock On Twitter Poll
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Elon Musk Leaves Fate Of His $21 Billion Tesla Stock On Twitter Poll

Newsdesk |
November 7, 2021

Tesla Inc Chief Executive Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10 per cent of his Tesla stock.


New Delhi, 07 November 2021

As per news report of NDTV, The world's richest person had previously said he could face a "massive" tax bill this year as he has to exercise a large number of stock options coming due next year. "Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock," Musk said on Twitter on Saturday. "Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock," he said, referring to a "billionaires' tax" proposed by Democrats. Musk has criticized the proposal, which would affect 700 billionaires and impose taxes for long-term capital gains on tradable assets, whether or not they have been sold.

Source - NDTV

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