Hertz says it does have a deal to buy 100,000 Teslas 0:44
New York, NY (CNN) -
The Twitterverse has spoken.
Will Elon Musk obey?
Elon Musk tweeted this Saturday that he would let Twitter users decide whether to sell 10% of the 170.5 million shares he owns in Tesla, and 58% of the more than 3.5 million voters said "yes." .
Elon Musk, founder and CEO of the company, released the survey on Saturday afternoon, in which he said: "There is a lot of talk lately that unrealized profits are a way to evade taxes, so I propose to sell the 10% of my Tesla shares. Do you support this? "
He added that he will meet the survey result whatever it is, but has not yet announced what, if anything, he will do next.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
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Do you support this?
- Lorde Edge (@elonmusk) November 6, 2021
Musk does not receive any salary from Tesla.
His 170.5 million Telsa shares were worth $ 208.3 billion as of Friday's close.
At a price of US $ 1,222.09 per share, 10% of them would be valued at US $ 20.8 billion.
Elon Musk is so rich that he exceeds the GDP of more than 150 countries and territories.
Is yours on the list?
With a 20% long-term capital gains tax for someone at Musk's income bracket, the tax bill for the sale would approach $ 4.2 billion.
Musk owns 80% of those 170.5 million Tesla shares since the company's initial public offering in 2010. In addition to the shares he currently owns, he has the option to buy another 73.5 million shares.
It is unclear whether those shares would be accounted for in his holdings if the Twitterverse convinces him to sell 10% of his stake in the company.
Elon musk