Elon Musk speaks out after public voted in favor of him selling 10% of Tesla stock

BreaknLinks

Los Angeles
Tesla CEO Elon Musk speaks during a conversation with game designer Todd Howard at the E3 gaming convention in Los Angeles, June 13, 2019 © Reuters

Elon Musk's Twitter followers voted yes to the billionaire selling 10% of his Tesla stock this weekend, and Musk has vowed to stick to the results of his divisive Twitter poll.
Musk, the CEO of Tesla and the world's richest man, polled his Twitter followers on whether or not to sell his stock on Saturday, promising to "abide by the results of this poll, whichever way it goes."

The poll received almost 3.5 million votes, with the 'Yes' side winning 57.9% of the vote. Musk signaled that he won't back out of his commitment to complete the poll "the way you wanted it to" after being asked whether it went "the way you wanted it to."

He tweeted, "I was prepared to accept either outcome."

Musk cited his desire to pay taxes as the reason for considering selling the stock, worth roughly $21 billion. Because he doesn't "take a cash salary or bonus from anywhere," the billionaire claims that the only way he can "pay taxes personally is to sell stock."

The poll enraged many social media users, who accused Musk of depreciating the company's equity, and it is said to have raised concerns among Tesla's shareholders.

Even if Musk sells the stock as promised, it will still be a small portion of his estimated $318 billion net wealth.

Publish : 2021-11-08 11:28:00

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