He is the richest man in the world Elon Musk In a poll on Twitter, he was told to sell about 10% of Tesla stock.
The entrepreneur conducted a poll on Twitter and promised to abide by the voting results. 57.9% of people said he should sell.
“I am ready to accept any result,” Musk said after the vote.
He has previously stated that he may face a “huge” tax bill this year because he must exercise a large number of stock options that expire next year.
“Please note that I will not receive cash salary or bonuses from anywhere. I only have inventory, so my only payment method is tax Individuals are selling stocks,” he said
He said: “A lot of recent unrealized gains are tax avoidance methods, so I suggest selling 10% of Tesla stock,” he said, referring to the “billionaire tax” proposed by the Democratic Party, which may cost him money. One million U.S. dollars.
He criticized the proposal, which would affect 700 billionaires and tax long-term capital gains on tradable assets, regardless of whether these assets have been sold.
According to Reuters calculations, as of June 30, his holdings in Tesla were approximately 170.5 million shares. Based on Friday’s closing price, his sale of 10% of the shares would be close to 21 billion U.S. dollars.
Musk can choose to buy 22.86 million shares at a price of $6.24 per share. The stock will expire on August 13 next year. Tesla’s current stock price is $1,222.09.
In September, he stated that the tax he might have to pay is more than half of the proceeds from the exercise of the option. He also denied the possibility of using Tesla shares as a mortgage. “Stocks don’t always go up. They fell,” he said at the coding conference.
Some Tesla board members, including his brother Kimbal Musk, sold a large number of shares after its stock price hit a record high at the end of October.
