Elon Musk’s Twitter Poll Results Are In, 58% Of People Wants Billionaire To Sell Tesla Stock

Billionaire CEO, Elon Musk, pledged Saturday to abide by vote’s outcome after asking whether he should sell 10% of his Tesla shares.

Twitter users said Elon Musk should sell 10% of his Tesla Inc. stock after the billionaire chief executive polled them and pledged to abide by the outcome of the vote.

Voters backed the share sale by a wide margin, with roughly 58% in favor of a sale and 42% opposed, according to the polling data posted on Twitter. More than 3.5 million votes were cast.

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Mr. Musk on Saturday put the potential share sale up for popular vote on the social-media platform as he waded back into the debate over how some of the wealthiest Americans should be taxed.

“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he tweeted as he launched the poll, adding, “I will abide by the results of this poll, whichever way it goes.”

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Mr. Musk holds more than 17% of Tesla, a stake valued at over $200 billion, according to the most recent available data in FactSet. One-tenth of that stake could be worth around $21 billion based on the stock’s Friday closing price of $1,222.09.

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