United States: Elon Musk offers to sell 10% of his shares in Tesla – archyde

(Reuters) – Tesla boss Elon Musk put to a vote on Saturday the 62.5 million people who follow him on Twitter the proposal to sell 10% of his stake in the auto group.

“There has been a lot of talk lately about unrealized gains as a means of tax evasion, so I am proposing to sell 10% of my Tesla shares. Do you support that?” He wrote, adding that he will comply with the result of the vote.

Elon Musk alludes to the proposed “tax on the super-rich” carried by the Democrats in the United States Senate in order to finance the investment programs of Joe Biden.

According to the text, this tax on the income of the very fortunate, about 700 taxpayers, would raise hundreds of billions of dollars.

In one hour, the Tesla leader’s “poll” had garnered nearly 700,000 responses, with a majority close to 56% voting for the 10% sale.

According to Reuters calculations, the sale of 10% of the shares of the founder of SpaceX – he owned 170.5 million as of June 30 – would bring in nearly $ 21 billion, at the price set at the Friday close on the Stock Exchange of New York.

“Note that I do not get any cash or bonus wages from anywhere. I only have stocks, so the only way for me to pay personal taxes is to sell stocks,” also writes Elon Musk on Twitter.

(Report Ann Maria Shibu in Bangalore and Hyunjoo Jin in San Francisco, French version Sophie Louet)