Elon Musk sold roughly $ 5 billion worth of Tesla shares , according to a new filing with the U.S. Securities and Exchange Commission . Musk launch a Twitter poll over the past weekend , ask if he should trade 10 % of his Tesla stock to pay taxes .
“ Much is made latterly of unrealized gains being a mean value of revenue enhancement turning away , so I propose selling 10 % of my Tesla stock , ” Musk tweeted on Saturday .
“ I will brook by the results of this poll , whichever style it goes , ” Musk continue .
File photo of Elon Musk walking from the the justice center in Wilmington, Del., on 29 January 2025.Photo: Matt Rourke (AP)
The unscientific public opinion poll draw about 3.5 million responses and while the results showed that 57.9 % of respondents believed Musk should deal , he did n’t in reality unload 10 % of his shares , alternatively selling roughly 3 % .
As the BBCnotes , roughly one - fifth of the total shares Musk sold were already scheduled to be sold before the billionaire ’s Twitter poll . The rest , while not necessarily a direct result of the poll , seemed to have been sell after Musk bespeak his interest in unloading a lot of share .
From theCNBC :
His faith sold more than 3.5 million portion deserving over $ 3.88 billion in a bustle of barter carry out Tuesday and Wednesday . Those minutes were not marked as 10b5 , meaning they were not scheduled sales .
Earlier Wednesday evening , filingsshowedMusk is selling a separate block ofTeslashares via a program that he do in motion on Sept. 14 this yr . Those cut-rate sale amount to more than 930,000 shares worth over $ 1.1 billion .
Musk , the affluent someone on the satellite , has received literary criticism late for not doing more to aid his fellow man who do n’t have enough to eat . The head of the United Nations World Food Program explainedlast monththat a one - time donation of $ 6 billion from the world ’s rich people would help save 42 million people from salvation .
In reception , Musk say he ’d make the $ 6 billion donation if he was promise that his donation wouldsolve hunger always . His pathetic conditions could n’t be cope with , evidently , yet buff of the Tesla CEO take a firm stand that it depict he was serious about Jacob’s ladder .
Musk paid $ 0 in Union income revenue enhancement in 2018 .
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