Wednesday, December 1, 2021

Elon Musk will sell 10% of Tesla’s stock if Twitter wants to

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Elon Musk says he will sell 10 percent of his Tesla shares, valued at around $ 25 billion, if Twitter tells him to.

The CEO of Tesla and SpaceX, who has more than $ 330 billion in personal net worth

Mr Musk reportedly owns roughly 23 percent of the electric vehicle maker, with each share worth $ 1.2209 as of Friday’s close.

“A lot has been done lately with unrealized gains being a means of tax avoidance, so I suggest selling 10% of my Tesla stock,” he tweeted.

“I will stick to the results of this survey no matter which direction it goes. Note that I am not taking any cash salary or bonus anywhere. I only have stocks, so I can only pay taxes personally by selling stocks. “

As of Saturday afternoon, there were more than 706,000 votes, 55.7 percent of which were for the sale of his shares.

The move came days after the entrepreneur announced he would sell Tesla stock and donate the money to the United Nations if they could prove his money would save millions of lives.

World Food Program director David Beasley had told CNN that he wanted the world’s top 400 billionaires to donate $ 6 billion to save 42 million people in 43 famine-stricken countries.

Mr. Beasley highlighted Mr. Musk and Amazon founder Jeff Bezos, the two richest people in the world who had to dig deep.

“I’m not asking them to do this every day, every week, every year,” Beasley told CNN.

“We have a unique crisis: a perfect storm of conflict, climate change and Covid. It’s a unique phenomenon. Help me with them only once. That’s a $ 6 billion price tag. “

Mr Musk responded that if he were to do this, the UN process “must be an open source bookkeeping system so that the public can see exactly how the money is being spent”.

He added, “Please post your current and planned expenses in detail so people can see exactly where (the) money is going. Sunlight is something wonderful. “

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