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Elon Musk’s own Twitter poll favours 10% Tesla stake sale

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A Twitter poll has urged billionaire Elon Musk to sell 10 percent of his stake in Tesla, in order to pay tax

Over 3.5 million users on Twitter voted in the poll which was launched by Musk himself on Saturday.

Nearly 58 percent voted in favour of Musk selling his shares.

Should he proceed and decide to sell his 10 percent stake in the EV company, it could see him dispose of around $21 billion worth of stock.

Elon Musk has stated he will abide by the result which is in response to the ‘billionaires tax’ which has been proposed by Democrats across the U.S.

Musk who’s one of the world’s richest men, has yet to comment publicly on the verdict, or how and when he would sell his stake

If he does decide to go ahead and sell, it could leave him with a huge tax bill.

When disposing of large share holdings, some chief executives use so-called “blind” sales programmes – which spread the sale over a long time period to avoid accusations of insider trading.

In an earlier tweet on Saturday, Mr Musk said he took no salary or bonuses from any of his companies – meaning he has no earnings on which to pay income tax.

Musk has made billions through a compensation package which enables him the power to exercise large amounts of stock options when the company meets performance targets.

It is thought the proposed tax on capital gains, whether or not assets have been sold, could hit about 700 billionaires across America.

Elon Musk is one of the most popular business leaders on Twitter, with nearly 63 million followers.

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Interest rates impact investments, housing, and economy

Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID

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“Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID”

In Short

Interest rates in the US and Australia are under scrutiny as the impact of COVID-19 fades, raising concerns about investments and borrowing capacity. Experts are debating the long-term effects of Australia’s recent rate cut on housing prices and the cost of living crisis.

This development raises questions about its implications for investments, repayments, and savings.

To discuss these issues, we have Andrew Woodward from the Investor’s Way.

The rate cut has raised concerns about its impact on Australians’ borrowing capacity and the potential for rising housing prices.

There is also speculation about how this rate cut could affect the ongoing cost of living crisis in Australia. Experts are considering the possible long-term consequences of this reduction on Australia’s economy.

Many are asking whether this signals the start of a series of rate cuts by the Reserve Bank of Australia.

It’s important to examine how this shift in Australia’s monetary policy aligns with broader global economic trends.

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Hainan’s hidden paradise is transforming the global economy

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Once a quiet island, now a booming gateway—how Hainan is becoming a powerhouse of trade, innovation, and opportunity

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, discover China’s best-kept secret, where the rapidly evolving, visa-free, and largely tax-free island of Hainan is unveiled to the world for the first time. With its booming economy and vast untapped potential, Hainan presents a golden opportunity for Australian businesses looking to break into the world’s largest market. Journey through breathtaking landscapes, meet visionary leaders, and explore bold innovations shaping this emerging economic powerhouse—one poised to drive global growth for the next decade.

 

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From fishing village to tech titan—Guangzhou and Shenzhen are shaping our future

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How two Chinese megacities became the beating heart of innovation, trade, and global ambition

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, Mark Llewellyn explores the economic dynamism of Guangzhou and Shenzhen—two of China’s most vibrant cities brimming with opportunity. From Guangzhou, home to 30,000 foreign-owned companies and a rich cultural tapestry, to Shenzhen, which has evolved from a fishing village into a high-tech ‘Silicon Valley’ powerhouse, this episode uncovers the forces driving their success. Get an exclusive look inside DJI, the world’s largest drone manufacturer, and meet the visionary minds shaping the future of technology.

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