Elon Musk asked on Twitter – Should I sell 10 percent of Tesla stock? Users said – sell, know the whole matter

Elon Musk asked on Twitter – Should I sell 10 percent of Tesla stock? Users said – sell, know the whole matter
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Elon Musk, the CEO of the US company Tesla (Tesla), the world’s largest electric vehicle maker, should sell about 10 percent of his stake in Tesla. 57.9 percent of those who expressed their opinion by voting on a question asked by Musk on social media Twitter said this. Musk had asked users of the social media network on his Twitter poll whether he should sell the stake.

Responding to the outcome of the voting, Musk said he was ready to accept any outcome. “I was ready to accept any consequences,” Musk said. More than 3.5 million (3.5 million) users voted on the poll asked by Elon Musk.

If Musk sold his 10 percent stake in Tesla, as he proposed on Twitter, it could be valued at around $21 billion.

what is the whole matter?
Elon Musk tweeted on Saturday asking his followers if he should sell his 10 percent stake in the electric car company. He also said that whatever the outcome of this poll is, he will accept it. “Having a tax avoidance tool has made a lot of unrealized gains lately, so I propose to sell 10 percent of my Tesla stock,” Musk said on Saturday. He also said that he does not take any cash salary or bonus and only keeps stocks.

Musk’s 10% share price
The Tesla CEO had previously said he would have to exercise a large number of stock options over the next three months, which would lead to a huge tax bill. Selling some of your stock can bring in some money to pay taxes. As of June 30 this year, Elon Musk’s stake in Tesla has come down to about 170.5 million shares and would be worth close to $21 billion if a 10 percent sell-off based on Friday’s closing, according to Reuters calculations.

allegation of non-payment of tax
Interestingly, the whole affair comes a week after Musk said on Twitter that he would sell $6 billion in Tesla’s stake and transfer it to the United Nations’ World Food Program. (WFP) will donate. He also said that this would require the UN WFP to disclose more information about how it spent its money. Musk has been accused of not paying taxes despite being such a rich person.

Anita Amoli

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