On November 7th, US time, Tesla CEO Elon Musk initiated a 24-hour poll on Twitter to determine if the company should sell 10% (approximately $24 billion) of Tesla shares to pay for Elon’s unpaid taxes. “Many people avoid taxes by deferring income,” Elon said, “so I suggest selling 10% of Tesla shares.” A Twitter poll was also attached below the tweet to ask the public for their support. Later, Elon commented in the section that “whatever the result is, I will follow the outcome of this vote.” As of now, the proportion of those who hope Elon will sell shares to pay taxes is still relatively high.
Since 2020, Tesla’s stock has been soaring. Today, Tesla’s market value has surpassed $1 trillion, and the stock price closed at $1,222.09 on Friday. However, if Elon sells so many shares at once, it may have a significant negative impact on Tesla’s stock price in the future.
Sources: electrek
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