Elon Musk Asks Followers If He should Sell Tesla Shares
Multi-billionaire Elon Musk asks his followers on Twitter whether or not he should sell part of his Tesla shares, insisting he would abide by the results.
Elon Musk polled his more than 62 million Twitter followers Saturday about whether or not he should sell 10 percent of his Tesla shares, insisting he would do as voters say.
The electric car maker's query follows a proposal by Congressional Democrats to tax the super-wealthy more heavily by targeting stocks, which are usually only taxed when sold.
"Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock," Musk wrote, asking followers whether or not they agree by clicking on "yes" or "no."
"I will abide by the results of this poll, whichever way it goes," the multi-billionaire said.
Around 11:00 pm GMT, nearly 53 percent had voted in favor of selling.
According to Bloomberg, Musk owned about 17 percent of Tesla's shares as of June 30, currently worth $208.37 billion.
The entrepreneur was also awarded a large package of stock options and convertible shares as compensation.
Taking into account his stakes in his other companies such as neurotechnology firm, Neuralink, and especially SpaceX, Musk is, in theory, the richest man in the world, with an estimated fortune of some $338 billion, according to Bloomberg.