Business & Investment

Musk asks Twitter followers if Reuters should sell 10% of Tesla’s stock

© Reuters. File Photo: Tesla Inc CEO Elon Musk will speak on stage at a factory in Shanghai, China, on January 7, 2020, during a delivery event for three Tesla China model cars. REUTERS / AlySong / File Photo

(Reuters)-Tesla Inc CEO Elon Musk asked 62.5 million followers on Twitter (NYSE :) on Saturday whether he should sell a 10% stake in Tesla (NASDAQ :).

“Recently, many are made of unrealized profits as a means of tax avoidance, so I suggest selling 10% of Tesla’s stock,” Musk wrote in a tweet.

Musk also tweeted that both methods would follow the results of polls.

Comments from Musk come after President Joe Biden’s proposal in the US Congress to tax millionaire assets to support payments on the social and climate change agenda.

Musk is one of the wealthiest people in the world and the owner of several futuristic businesses, including SpaceX and Neuralink. He has previously criticized the millionaire tax on Twitter.

“Note: I don’t get cash salaries or bonuses from anywhere. I only have stock, so the only way to pay taxes personally is to sell stock,” Musk said on Twitter.

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Musk asks Twitter followers if Reuters should sell 10% of Tesla’s stock

https://www.investing.com/news/stock-market-news/musk-asks-followers-on-twitter-whether-he-should-sell-10-of-his-tesla-stock-2670564 Musk asks Twitter followers if Reuters should sell 10% of Tesla’s stock

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