Top Stories

Elon Musk Says He'll Sell 10% of His Tesla Stock if Twitter Votes for Him to Do So

Elon Musk Says He'll Sell 10% of His Tesla Stock if Twitter Votes for Him to Do So

Elon Musk is letting people decide the fate of a small part of his fortune.

The 50-year-old world’s richest man and Tesla CEO tweeted a poll on Saturday (November 6) regarding his stock in the company.

Click inside to read more…

“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 wrote with the poll, which currently skews 57% yes after 3 million votes, with a few hours still to go.

He added that “I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.”

As of February, he held 227 million Tesla shares, according to an SEC filing, amounting to 22.4% of its stock. 10% of his stake would be worth roughly $27.8 billion, Forbes reports.

He is worth $318.4 billion overall, via the outlet’s calculations.

He also recently made a billions-worth pledge under certain conditions.

Just Jared on Facebook
elon musk april 2021 01
elon musk april 2021 02
elon musk april 2021 03
elon musk april 2021 04
elon musk april 2021 05
elon musk april 2021 06
elon musk april 2021 07
elon musk april 2021 08
elon musk april 2021 09
elon musk april 2021 10
elon musk april 2021 11
elon musk april 2021 12
elon musk april 2021 13
elon musk april 2021 14
elon musk april 2021 15
elon musk april 2021 16
elon musk april 2021 17
elon musk april 2021 18
elon musk april 2021 19
elon musk april 2021 20
elon musk april 2021 21
elon musk april 2021 22
elon musk april 2021 23
elon musk april 2021 24
elon musk april 2021 25
elon musk april 2021 26
elon musk april 2021 27
elon musk april 2021 28
elon musk april 2021 29
elon musk april 2021 30

Photos: Getty
Posted to: Elon Musk, tesla, Twitter