Elon Musk Creates a Tesla Stock Selling Poll, Here Are the Results!
As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.
Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase
Kanalcoin.com – A few days ago, Tesla and Spacex CEO Elon Musk tweeted on his Twitter account asking whether he should sell 10% of his Tesla shares or not.
He also added that he promised to follow the survey results on his account.
Quoted by Kanalcoin.com from News.Bitcoin.com, if Musk were to sell his 10% stake, this would be around $21 billion based on Tesla’s current share price.
“Recently, there have been a lot of unrealized profits made as a way to avoid taxes, so I proposed to sell 10% of my Tesla shares. Do you support this?” tweeted the owner of the account, which has 62.9 million followers.
In a follow-up tweet, he mentions that he doesn’t take cash salaries or bonuses from anything and emphasizes that he only owns stocks.
So his only way to pay the taxes personally was to sell the shares.
Report from Kanalcoin.com TheGuardian.comCurrently, taxes are only paid when the profit is realized.
This means that owners only pay when they sell shares and when they make a profit.
That’s why the Democratic Party in the US Congress has introduced a tax that billionaires pay on the annual increase in the value of the stocks and shares they own.
It is proposed to close the gap that exists between America’s richest people and everyone else.
Also according to the same report, Oregon Democratic Senator Ron Wyden, who chairs the Senate Finance Committee, voiced his opinion on Musk’s inquiry.
“Whether or not the richest person in the world pays taxes shouldn’t depend on the results of Twitter polls,” he said.
According to a News.Bitcoin.com report cited by Kanalcoin.com, the inquiry made on Musk’s account has attracted a lot of media attention.
In fact, the poll has received more than 3.5 million votes. The result is that 57.9% said “yes” meaning agree with Musk’s tweet and the rest voted “no” meaning otherwise.
Another evidence of high public attention, namely the high number of retweets and likes of Musk’s tweets.
At the time of writing this report, the number of accounts that retweeted the tweet was 25,000 accounts and 140,300 accounts liked the tweet.
Many bitcoiners took Musk’s poll to express their opinion about him. Some people on the internet suggested that Musk use the proceeds from the sale of his TSLA shares to buy BTC.
One of the people who voiced his opinion was Michael Saylor.
He said: “If diversification is the goal, an alternative strategy to consider would be to convert the TSLA balance sheet to Bitcoin Standard and buy $35 billion of BTC.”
Microstrategy’s CEO added that it offers diversification, inflation protection and more benefits to all investors in a tax-efficient manner.