Elon Musk Might Have Sold His Shares Regardless of Twitter Vote Result
Elon Musk faces tax obligation of $15 billion, which suggests he might have sold his stocks anyway regardless of the Twitter's vote result
Tesla CEO Elon Musk is reported to face a tax obligation of $15 billion in the coming months on stock options and this suggest he might make a sale of Tesla stock regardless of the Twitter vote.
Earlier on Sunday, Elon twitter posted a twitter poll with the caption “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,”.
The result of the vote being 57.9% favored his decision to sell Tesla’s stocks.
However, regardless of the fate of the vote he would have likely sell 10% of his stock holding given a looming tax bill of more than $15 billion. In a rough estimate, 10% of Elon’s stock accounts for approximately $21 billion.
Last week Elon said, “I have a bunch of options that are expiring next year, so a huge block of options will sell in the fourth quarter of 2021- they will have to, or they will expire”.
