Elon Musk Twitter Followers Vote For The Tesla CEO To Sell 10% Of His Company Holdings, He Says He Accepts The Outcome

The result of a Twitter Inc TWTR poll by Tesla Inc TSLA CEO Elon Musk is final, and a majority of his followers say he should sell 10% of his company stock.

What Happened: On Saturday, Musk tweeted a poll asking his followers to vote on his decision, saying the survey was in response to concerns about unrealized gains being a way for wealthy people to avoid paying taxes.

The final result of the 3,519,252 votes was that 57.9% supported the sale, while 42.1% were opposed. Musk tweeted on Sunday that he acknowledged the results.

The architect of the proposed billionaires tax that prompted the Twitter poll is Oregon Senator Ron Wyden who chairs the Senate finance committee. “Whether or not the world’s wealthiest man pays any taxes at all shouldn’t depend on the results of a Twitter poll,” said Wyden. “It’s time for the billionaires income tax.”

In September, Musk responded to Wyden’s original proposal, he tweeted: “Eventually, they run out of other people’s money and then they come for you.”

Related Link: How Elon Musk's Potential Sale Of 10% Of Tesla Stake Would Impact Stock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsTechMediaElon MuskRon Wyden
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!