Finance

Elon Musk must sell 10 percent Tesla shares after poll on Twitter

More than 3.5 million people voted in the Twitter poll.

Pay more tax

The question of the eccentric multibillionaire came after a proposal from the Democrats to make the super-rich pay more taxes and, in particular, to take a more serious approach to owning stocks.

“There’s been a lot of fuss lately about unrealized gains being a tax avoidance tool, so I’m proposing to sell 10 percent of my Tesla stock,” Musk tweeted. And added the poll that allows followers to vote yes or no. “I will stick to the results of this poll, whichever way it goes,” the electric car manufacturer said.

Worth nearly $300 billion

Musk owned about 17 percent of Tesla’s outstanding shares, which are currently worth more than $208 billion, as of June 30, according to Bloomberg news agency. In addition, the entrepreneur received a large package of stock options and convertible shares as compensation.

Taking into account his interests in his other companies, such as neurotechnology company Neuralink and especially SpaceX, Musk is theoretically the richest man in the world, with an estimated wealth of about $338 billion, according to Bloomberg.

“Note, I’m not taking any cash salary or bonus anywhere,” Musk tweeted. “I only own stock, so the only way I can personally pay taxes is to sell stock.”

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