Elon Musk was advised to sell 10 percent of his shares in Tesla Finance

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Tesla’s boss Elon Musk

Elon Reeve Musk (ˈiːlɒn ˈmʌsk /) is a Canadian-American engineer, inventor, conducted a survey on Twitter whether to sell 10 percent of its shares in the company. 57.9 percent of those surveyed with more than 3.5 million people advised Musk to do so, Reuters reported.

On Saturday, the richest man on the planet tweeted that he would sell a tenth of his shares in Tesla if social network users approved the offer, and promised to comply with the results of the poll.

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

Musk will sell 10% of its shares in Tesla

“Recently, unrealized profits have been widely used as a means of tax evasion, so I propose to sell 10 percent of my shares in Tesla,” he said. Elon Musk

Elon Reeve Musk (ˈiːlɒn ˈmʌsk /) is a Canadian-American engineer, inventor,. He clarified that he does not receive a salary or bonuses from anywhere and owns only shares.

Democrats from the US Senate presented a proposal to tax the shares and other assets of billionaires to help fund President Joe Biden’s social programs and to close the loophole in the law, which allowed them to postpone the payment of taxes indefinitely on capital gains. Elon Musk

Elon Reeve Musk (ˈiːlɒn ˈmʌsk /) is a Canadian-American engineer, inventor, criticized the initiative, arguing that “they end up running out of other people’s money first and then coming for you,” Reuters notes.

As of June 30, Tesla’s CEO owned about 170.5 million shares in the company. At their exchange rate on Friday, according to Reuters estimates, he would receive for one tenth of them nearly 21 billion dollars.

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