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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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Money

Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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Experts unveil the secrets to crypto ‘prop trading’

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What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto CallsCheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.

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