Tesla Motors, Inc. (NASDAQ:TSLA), Amazon.com, Inc. (NASDAQ:AMZN) – Tesla CEO Elon Musk Proposes Selling 10% Of His Company Stock, He’s Asking Twitter Followers To Decide

Elon Musk on Saturday despatched a tweet wherein he proposed promoting 10% of his Tesla Inc (NASDAQ: TSLA) inventory, and requested his followers to vote on his choice.

What Occurred: The Tesla CEO was referencing a proposal within the U.S. Senate to tax the richest People in an effort to pay for social security internet and local weather change insurance policies. The plan would tax billionaires on the unrealized positive factors within the worth of their liquid belongings, akin to shares, bonds and money. Musk responded in a tweet.

Musk adopted up with a second tweet about 10 minutes later, explaining why promoting his Tesla inventory can be his means of paying such a tax.

On the time of publication, 55.6% supported Musk promoting his inventory, whereas 44.4% opposed the thought.

Why It Issues: The tax can be levied on these with greater than $1 billion in belongings or greater than $100 million in revenue for 3 consecutive years, that is about 700 folks in the USA. Included in that group are Musk, Meta Platforms Inc (NASDAQ: FB) founder Mark Zuckerberg, and Amazon.Com Inc (NASDAQ: AMZN) founder Jeff Bezos.

The laws would initially impose a capital positive factors tax of 23.8 p.c on the rise in worth of billionaires’ tradable belongings based mostly on the unique value of these belongings.

Associated Hyperlink: Why Paul Krugman Accuses Elon Musk Of An ‘Insecure Ego’

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