World’s wealthiest man, Elon Musk sold nearly $5 billion worth of Tesla shares, as per the new filing with the U.S. Securities and Exchange Commission. Musk started a Twitter poll over the past weekend, asking if he should trade 10% of his Tesla shares to pay taxes.
A Twitter Poll Resulted in the Trade of Shares Worth Billions
“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” Musk tweeted on Saturday. “I will abide by the results of this poll, whichever way it goes,” Musk continued.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Elon Musk (@elonmusk) November 6, 2021
Tesla Shares Were Already Registered for the Trade
The inconclusive Twitter poll drew about 3.5 million responses and while the results revealed that 57.9% of respondents considered that Musk should sell, he didn’t unload 10% of his Tesla shares, instead of selling roughly 3% of Tesla shares. According to the reports, around one-fifth of the total shares Musk sold were already registered to be sold before the billionaire’s Twitter poll. The rest, while not certainly a direct result of the poll, appeared to have been sold after Musk indicated his interest in relieving a lot of Tesla shares.
Read more: Twitterati Pushed Elon Musk to Sell 10% of Tesla’s Stock
UN Asks Elon Musk for Donations to Solve World Hunger
Furthermore, Elon Musk being the wealthiest person on the planet has drawn criticism recently for not performing more to support his fellow humans who don’t have sufficient to eat. The head of the United Nations World Food Program explained last month that a one-time donation of $6 billion from the world’s richest people would help save 42 million people from salvation.
In reply, Musk said he’d give them $6 billion worth Tesla shares in donation if he was assured that his contribution would resolve hunger forever. His absurd conditions couldn’t be satisfied, certainly, yet followers of the Tesla CEO insisted that it proved he was serious about charity.
Source: The Verge