Elon Musk Says He Plans to Sell 10% of His Tesla Stock After Poll

Tesla founder and CEO Elon Musk should sell 10% of his stock in the company, according to responses from a Twitter user poll.

Musk on Saturday asked his followers in a Twitter poll whether they supported him selling 10% of his Tesla stock, which in turn generated 57.9% of respondents favoring of his sale of the stock. The value of 10% of Musk’s shares is estimated to be about $25 billion, according to Investopedia.

“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” Musk wrote on Twitter. “I will abide by the results of this poll, whichever way it goes.”

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