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Twitter users to decide whether 10% Tesla stock to be sold, Musk says

13:27, 07 November 2021
Twitter users to decide whether 10% Tesla stock to be sold, Musk says Photo: Patrick Pleul/ZB/Global Look Press

Elon Musk has put a destiny of the 10% of Tesla’s stock before his 62,6 million followers allowing them to take part in a Twitter poll.


The ongoing poll is a response to a “billionaires’ tax” proposed by Democrats in the US Congress.

Some Democrats demand billionaires to pay “unrealized gains” when the stock value of their companies hikes, even though they are not selling any of the shares.

Musk, the possessor of roughly $280 billion, said on Twitter that he has no salary or any bonuses, and the only way he can pay taxes is to sell stock.

As of now, the leading of two options is “Yes” with 1,551,665 votes which are 56,6% while “No” gained 43,4% respectively.

Every netizen has an opportunity to share their vote, the only conditions to be fulfilled is that the user must be registered on Twitter and follow Musk.

Musk's decision doesn’t seem to be a joke as Musk himself pledged to abide by the results no matter what they would be.

Tesla shares have been significantly increased in price after Hertz applied to rent the company's cars of 100,000 units.

Hertz is a US’ car rental company located in Estero Florida. The company is a subsidiary of Hertz Global Holdings.