Elon Musk, the chief executive of Tesla and world’s richest person, asked his 62.8 million Twitter followers over the weekend whether he should sell $21bn (£15.5bn) worth of shares in the electric car company in order to pay tax. Tweeting he would “abide by the results of this poll, whichever way it goes”, 58% of those who responded said “yes”, he should sell the shares, sending Tesla’s share price down 5% in pre-market trading on Monday.
Why did he do it?Musk, who is sitting on a paper fortune of more than $338bn in Tesla and Space-X shares, proposed selling 10% of his Tesla shares in order to generate enough money to pay a proposed “billionaires tax” on “unrealised capital gains”.
He said that as he did not “take a cash salary or bonus from
Read more on theguardian.com