Home » Business » Elon Musk suddenly wants to sell 10% of his stake in Tesla, seriously?

Elon Musk suddenly wants to sell 10% of his stake in Tesla, seriously?

Jakarta, CNBC Indonesia The famous entrepreneur who is also the founder of the electric car (EV) giant Tesla, Elon Musk, has again created a big controversy. On Saturday (11/7/2021), Musk asked his 62.5 million followers on Twitter if he should sell his 10% stake in Tesla.

“A lot is made these days of unrealized profits as a means of tax evasion, so I propose to sell 10% of my Tesla shares,” the South African-born entrepreneur wrote in a tweet referring to a “billionaire tax” proposed by Senate Democrats. US.

According to the latest Reuters analysis, Musk’s stake in Tesla stood at about 170.5 million shares as of June 30. With this amount, selling his 10% stake would amount to nearly US$21 billion by closing Friday, November 5th.

Even so, some financial analysts say that this is not a definite thing to do. They argue that of course selling shares of that size is not only executed by polling in the virtual world.

“Looking forward to the day when the world’s richest people pay taxes doesn’t rely on Twitter polls,” tweeted Berkeley economist Gabriel Zucman.

Musk himself has often vented his controversial statements on Twitter. In 2018, the US Securities and Exchange Commission sued him after he tweeted that he had “earned funds” to take over Tesla stock for $420 per share. Authorities said the tweet, which sent Tesla’s share price up 13.3%, violated securities laws.

Meanwhile, recent research suggests that a small portion of Musk’s wealth could solve the problem of world hunger. In lAccording to the latest report from the World Food Program (WFP), US$ 6 billion or equivalent to Rp 85 trillion is needed to solve the food problems of 42 million people in the world. Elon Musk himself has a wealth of about US $ 289 billion or equivalent to Rp. 4,094 trillion according to Bloomberg calculations. When compared to this need, that means only 2% of Musk’s wealth is needed to save the food of 42 million people.

[Gambas:Video CNBC]

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