Highlights

  • Musk said he took no salary or bonuses from any of his companies
  • He has no earnings on which to pay income tax when he exercises his stock options

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Twitter tribe has spoken, Musk to sell 10% stake in Tesla

More than 3.5 million Twitter users voted in the poll, launched by Musk on Saturday, with nearly 58% voting in favour of the share sale.

Twitter tribe has spoken, Musk to sell 10% stake in Tesla

Twitter, Tesla & Taxes, the Twitterati tribe has spoken directing the world's richest man to sell 10% of his stake in Tesla enabling him to pay his taxes. The stake would be valued at about $21 billion based on 170.5 million Tesla shares he holds.

A majority (58%) of 3.5 million Twitter users said they would support Musk's plan sell stake in a Twitter poll that the world's richest man launched on Saturday and closed on Sunday.

“I was prepared to accept either outcome,” Musk said in a tweet after the poll closed.

Musk’s fortune stands at $338 billion, about one-quarter of that consists of Tesla stock options that he’s free to exercise at any time.


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