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Elon Musk tweets to ask if he should sell some Tesla stock

Photo:AP

Will Musk sell 10 percent of his shares in Tesla?

New Delhi. Tesla CEO Elon Musk has sought public opinion on Twitter to sell 10 percent of his shares in the company, amid mounting pressure to pay higher taxes on billionaires in the US. Musk, CEO of electric vehicle maker Tesla, currently has a value of about $300 billion in shares. Some Democrats believe that billionaires should pay taxes for the shares they hold if the stock price rises. In this regard, Musk asked in a ‘poll’ on Twitter on Saturday, “Profit on paper is being called a means of tax avoidance. That’s why I plan to sell ten percent of my shares in Tesla. Do you support this. Out of this, 56.6 percent people supported selling the shares. He said he would abide by its consequences. No matter what the results. It is noteworthy that Musk, one of the world’s richest people, has most of his wealth in the form of shares in the Tesla company.

Earlier, Elon Musk had spoken about the sale of $ 6 billion shares of Tesla via social media when David Beasley, director of the UN’s World’s Food Program, said in an interview that only 2 percent of the Tesla chief’s total wealth Money can end world hunger. In response, Musk took to social media and said that he is ready to sell his shares if the United Nations proves that world hunger can be eradicated for $ 6 billion. In fact, Beasley had said that Elon Musk’s wealth is more than $ 300 billion, while Jeff Bezos’s wealth is in second place. He is the owner of $195 billion. Both of these can end world hunger. He had said that Allen has a good chance, he can end world hunger with 2 percent i.e. $ 6 billion.

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