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.
