Tesla CEO and billionaire Elon Musk asked the public if he should sell 10% of his stash in its electric car company, Tesla, vowing to abide by the result in a move that shocked social media users.
In a tweet on On Saturday, Musk asked his followers to vote or yes or no to the sale of the shares, which are valued at around $ 21 billion.
“A lot is made lately of unrealized gains are a means of tax evasion, so I propose to sell 10% of my Tesla stock. you do support this?” he questioned, promising to “Respect the results of this poll, whatever it is way it goes.”
moss – who is the world’s richest man with a net worth of over 318 billion dollars – also claimed to “Don’t take a cash salary or bonus from anywhere “, it’s explained, “So the only one way for for me to pay taxes personally is to sell shares “.
Within just some hours, over 1.3 million people voted in the survey, with the “yes” faction that holds a slight majority.
“We are seeing the Twitter masses decide the outcome of a 25 billion dollar coin toss, “ reacted venture capital investor and billionaire Chamath Palihapitiya.
Detractors blamed Musk of attempting to accumulate Tesla shares. “This would dilute the public fluctuate considerably, harming your shareholders who love & support you,” movie director, writer and entrepreneur Jonathan Stokes tweeted.
Do you realize that Tesla shares will now decline? on monday why of this, thus ending the fantastic run the title has made the last month. Post like this is taking money out of the pockets of the people who I believed in you and your company more. ?
– Cory Wijnhamer (@corywijnhamer) November 6, 2021
Kimball Musk sold $ 110 million worth of warehouse just before his brother @Elon Musk announces in a survey will sell 10% of this Tesla stock. A 10% sale of Elon’s holding company would collapse the shares. photo.twitter.com / Qg0QkLXdwX
– Nancy Pelosi Portfolio Tracker (@NancyTracker) November 6, 2021
Oregon senior Democratic Senator Ron Wyden took the opportunity to call for the introduction of the “Billionaires Income Tax”.
“Whether or not the world’s richest man pays taxes shouldn’t depend on the results of a Twitter survey “, protest.
Others, however, have supported the move.
“It makes sense. If your unrealized gains are going to be taxed, you need to produce sure have the earnings made to cover the payment “, weighed in investor Scott Melker. “Disorder with billionaires, you could get a market crash. Point made. “
NSA whistleblower Edward Snowden also It seemed support of moss decision, tweeting, “Tesla stock price is too high, “ in apparent reference to one of THE post by Musk.
it is not the first time that Tesla’s shares have been subject to one of THE post on Musk’s Twitter.
In May 2020, Musk famously tweeted that Tesla’s stock prices were “too high” – a post which caused Tesla shares in drop more of 11 percent.
moss has also been blamed in precedence for the tank cost of Bitcoin with these social media post.
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