survey<\/a> conducted by Musk, 58% of his followers on Twitter supported the idea of \u200b\u200bselling the stake that he put forward, pledging to respect the results of the poll.<\/p>\nAccording to Bloomberg, this stake that can be sold is estimated at about $21 billion based on Musk’s total stake in Tesla of 170.5 million shares.<\/p>\n
Tesla shares<\/h2>\n
Meanwhile, Tesla Inc.’s stock fell by 4.7% to $57.55 on the New York Stock Exchange, after the stock recorded a 7.3% decline during trading, which is the largest daily decline since last March 5.<\/p>\n
Since the beginning of this year and until last Friday, Tesla’s stock has risen by 73%, while the broader S&P 500 index, on which the stock is registered, has risen by only 25%.<\/p>\n
At the same time, Ron Wyden, a US senator from Oregon, expressed his dissatisfaction with Musk’s initiative, regarding the idea of \u200b\u200b\u200b\u200bselling part of the company’s shares, for a vote on a social networking site.<\/p>\n
“Whether or not the world’s wealthiest man pays any taxes at all shouldn’t depend on the results of a Twitter poll,” he wrote. “It’s time for\u00a0the Billionaires Income Tax.”<\/p>\n
Musk’s fortune<\/h2>\n
Musk’s fortune has also grown rapidly in recent months with the steady rise in Tesla’s stock price, at least on paper.<\/p>\n
However, according to current rules, taxes are only due when he makes a profit on the sale of shares.<\/p>\n
After crossing the $300 billion barrier as the richest person on Earth, Elon Musk’s fortune exceeded 10 billionaires in the auto sector by $52 billion.<\/p>\n
Musk’s fortune jumped to record levels, exceeding the $300 billion barrier at the beginning of this week.<\/p>\n
He is the first person in history to reach this value on the Forbes lists. Not only that, but his wealth continued to rise to record $338 billion, according to instant statistics.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tesla shares have fallen to an eight-month low, after a majority of Elon Musk’s Twitter followers supported selling 10% of his stake in the company. In a tweet, Musk, the world’s richest person and owner of Tesla, said he would sell 10% of his shares if his followers approved. According to the survey conducted by […]<\/p>\n","protected":false},"author":4,"featured_media":212718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[278,400],"class_list":["post-212717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured","tag-tesla"],"yoast_head":"\n
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