• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Elon Musk asks Twitter if he should sell some of his Tesla stock

Bucky

DP Veteran
Joined
Dec 5, 2015
Messages
28,580
Reaction score
6,362
Location
Washington
Gender
Male
Political Leaning
Independent
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.


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.
 
Back
Top Bottom