Elon Musk sells $ 5 billion in Tesla shares after Twitter survey

Archive image of Elon Musk leaving the Wilmington Courthouse, Del., July 1[ads1]2, 2021.

Archive image of Elon Musk leaving the Wilmington Courthouse, Del., July 12, 2021.
Photo: Matt Rourke (AP)

Elon Musk sold Tesla shares worth around $ 5 billion, according to a new filing with the US Securities and Exchange Commission. Musk launched a Twitter survey last weekend and asked if he would sell 10% of the Tesla share to pay taxes.

“A lot has been done lately of unrealized gains as a means of tax evasion, so I propose to sell 10% of my Tesla stock,” Musk tweeted on Saturday.

“I will follow the results of this poll, no matter which way it goes,” Musk continued.

The unscientific poll attracted around 3.5 million responses, and while the results showed that 57.9% of respondents thought Musk should sell, he did not actually unload 10% of his shares, instead he sold about 3%.

Like the BBC notes, about one-fifth of the total shares Musk sold were already planned to be sold before the billionaire’s Twitter poll. The rest, although not necessarily a direct result of the vote, appeared to have been sold after Musk signaled his interest in unloading many shares.

From CNBC:

His trust sold more than 3.5 million shares worth over $ 3.88 billion in a series of trades executed on Tuesday and Wednesday. These transactions were not marked as 10b5, which means that they were not scheduled sales.

Earlier Wednesday night, submissions knew Musk sells its own block Tesla shares via a plan he launched on September 14 this year. These sales amount to more than 930,000 shares worth over $ 1.1 billion.

Musk, the richest person on the planet, has recently been criticized for not doing more to help his fellow human beings who do not have enough to eat. The head of the UN World Food Program explained last month that a one-time donation of $ 6 billion from the world’s richest people would help save 42 millions of people from salvation.

In response, Musk said he would give the $ 6 billion donation if he was promised that his donation would do so. solve hunger forever. His ridiculous conditions obviously could not be met, but fans of the Tesla boss insisted that it showed he was serious about charity.

Musk paid $ 0 in federal income tax in 2018.

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