In full debate on billionaire taxation, Elon Musk agrees to sell 10% of his shares in Tesla

He had submitted Saturday to the vote of his followers on Twitter this proposal. He stated that he would respect the result of this survey, whatever the conclusion.

Le Monde

He will follow the will of his followers. A majority of people Next Elon Musk on Twitter spoke on Sunday, November 7, in favor of a 10% sale of Tesla’s boss’s units in the American automaker. The richest man in the world, Elon Musk had proposed Saturday on his account to 62.7 million subscribers to sell 10% of his actions in Tesla if his “followers” voted in that sense.

“In recent times, we talked a lot about unrealized gains as a means of tax evasion, so I propose to sell 10% of my Tesla shares. Do you support that?”, then had written the billionaire, stating that He would conform to the result of the vote. More than 3.5 million Twitter users participated in the vote and 57.9% of them approved a sale of this participation. “I was willing to accept one or the other result,” said Elon Musk at the end of the vote.

MUCH IS MADE LATELY OF UNREALIZED GAINS Being to Means of Tax Avoidance, SO I offers Selling 10% of My Tesla stock.
Do you support this?

– Elonmusk (@elon musk)

Rich taxation project

Before the vote, the fantasy boss of the manufacturer of electric vehicles seemed to answer the project on the fortune, announced by the President of the Senate Committee on Finance, Ron Wyden and other democratic elected officials, including Senator Elizabeth. Warren, to fight against the tax evasion of large companies and big fortunes. It would aim for some 700 billionaires that should pay an annual tax on the basis of the latent capital gains on their stock portfolios and other assets, including real estate.

m. Musk had criticized this proposal at the end of October, Writing in a tweet : “They end up depleting the money of all the others and come and seek yours”.

According to Bloomberg, ELON MUSK had about 17% of Tesla’s outstanding shares, currently worth $ 208.37 billion (more than 180 billion euros). By flowing 10% of its units, it could theoretically recover a little less than $ 21 billion (18.17 billion euros), at the closing price on Friday of the New York Stock Exchange.

The Contractor has also been awarded a wide package of stock options and convertible stocks as remuneration. Its fortune has inflated with the recent flight from the title, from about $ 130 early 2020 to $ 1,222.09 on Friday night.

/Media reports.