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The looming tax bill behind Elon Musk’s stock sale Twitter poll

The looming tax bill behind Elon Musk’s stock sale Twitter poll

3 years ago
Anonymous $np3LcwuhSi

https://techcrunch.com/2021/11/08/elon-musk-stock-twitter-poll-taxes/

Tesla shares dipped by 4.5% on Monday morning after CEO Elon Musk asked his 62.8 million social media followers whether they supported him selling 10% of his company stock — despite the fact that he was likely going to sell a block of his shares anyway.

Around 58% of respondents voted in favor of the proposal, which received around 3.5 million votes. He said in a follow-up tweet that he would “abide by the results of this poll, whichever way it goes”; if we take him at his word, that means a large sale of shares is coming in the future.

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