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New York, NY (CNN)Elon Musk says he'll let Twitter users decide if he should sell 10% of the 170.5 million shares he holds in Tesla. (TSLA)
Musk, the company's founder and CEO and posted a Twitter poll Saturday afternoon which said, "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?"
He added he will follow the poll's result whichever way it goes. Three hours after the poll was being posted more than a million people had voted, with 54.1% voting yes and 45.9% voting no.
Elon Musk asks Twitter if he should sell some of his Tesla stock
Elon Musk says he'll let Twitter users decide if he should sell 10% of the 170.5 million shares he holds in Tesla.
www.cnn.com
I think we can all agree that this proposed tax bill by Senator Ron Wyden is completely wacky. Taxing unrealized tax gains? Completely nutzo and not a viable solution in stopping economic stagnation.
I support Elon in whatever he decides. He is the Albert Einstein of our generation. A true visionary and innovator. The stock could fall 5-20% on Monday, in the long-term Tesla is fine and will continue to dominate.
Elon has no cash, all of his wealth is in TSLA stock. I can almost guarantee all his stock gains will be better spent by him compared to how the government will spend the taxes Elon has to pay from his stock sale.