Musk asks Twitter followers whether he should sell 10% of his Tesla stock By Reuters
© Reuters. FILE PHOTO: Tesla Inc CEO Elon Musk speaks onstage throughout a supply occasion for Tesla China-made Mannequin 3 automobiles at its manufacturing unit in Shanghai, China January 7, 2020. REUTERS/Aly Track/File Photograph
(Reuters) -Tesla Inc Chief Govt Elon Musk on Saturday requested his 62.5 million followers on Twitter (NYSE:) in a ballot if he ought to promote 10% of his Tesla (NASDAQ:) inventory.
“A lot is made recently of unrealized positive factors being a way of tax avoidance, so I suggest promoting 10% of my Tesla inventory,” Musk wrote in a tweet.
Musk additionally tweeted that he’ll abide by the outcomes of the ballot, whichever approach it goes.
The feedback from Musk comes after the proposal within the U.S. congress to tax billionaires’ property to assist pay for President Joe Biden’s social and climate-change agenda.
Musk is likely one of the world’s richest folks and proprietor of a number of futuristic firms, together with SpaceX and Neuralink. He has beforehand criticized the billionaire tax on Twitter.
“Notice, I don’t take a money wage or bonus from wherever. I solely have inventory, thus the one approach for me to pay taxes personally is to promote inventory,” Musk stated on Twitter.
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