Elon Musk’s Tesla Poll results are here, You will be shocked to see what people wants
Elon Musk, the world’s richest billionaire, asked a multibillion-dollar question on Twitter in reaction to Democrats’ suggestion of a “Billionaires’ tax” in the US Senate. He asked his 62.5 million Twitter followers if they thought he should sell 10% of his Tesla stock to avoid tax avoidance. Results for the Tesla Polls are out and you will be amazed to see that people want him to sell his stocks. A total of 3,519,252 votes were made,57.9% are in favour of him selling his tesla shares and 42.1% of them are not in favour.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Elon Musk (@elonmusk) November 6, 2021
The billionaires’ tax will require billionaires to pay a tax on “unrealized gains” whenever stock prices rise, even if they do not sell any shares. Tesla’s CEO, Elon Musk, responded by tweeting,
“Given the recent emphasis on unrealized gains as a way of tax evasion, I advise selling 10% of my Tesla stock.
“Do you agree with this?” includes a Yes or No poll
In another tweet, he added,
“Regardless of the outcome of this poll, I will follow the results.”
Tesla is at an all-time high in the market, with a valuation of $1 trillion (about $1000 billion), and Elon Musk, the CEO, controls a significant portion of Tesla, with around 170.5 million shares as of June 30th, and selling 10% of it would be worth nearly $21 billion. Other investors were unhappy with Elon Musk’s decision-making process, fearing it would devalue their stake in the company.
He explained that he had no other choice but to sell equities in order to create cash:
“Please note that I do not accept any cash income or incentive from anyone.” I only have stock, thus selling shares is the only method for me to pay taxes personally.”
Elon Musk may wish to sell stocks to save money on taxes, but supporters believe there are other significant buried projects at Tesla that require funding. Whether or not he sells shares, it will be in the news for the next few days. Elon Musk is currently deciding by rolling dice.
