Tesla‘s CEO Elon Musk has announced via Twitter a multi-billion dollar question, whether he should sell 10% of his Tesla stock (so he would not be accused of not paying income taxes).
He attached a poll with two options – Yes or No – that will run for some 24 hours and already about 1.6 million votes were placed (out of 62.5 million followers).
“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?”
The eccentric billionaire adds that he will abide by the results of the poll:
“I will abide by the results of this poll, whichever way it goes”
He further explained that he has no other way to generate cash than to sell stocks:
“Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.”
Well, we don’t know whether there really is a necessity to sell shares or if there are some new, undisclosed endeavors that may need capital.
What we do know is that Tesla recently has reached new highs, exceeding a $1 trillion valuation ($1,000 billion). That would be an outstanding moment to sell!
Elon Musk owns a big part of Tesla. According to Reuters, it was 170.5 million shares as of June 30 and 10% would be worth close to $21 billion.
“Analysts say he may have to offload a significant number of shares anyway to pay taxes since a large number of options will expire next year.”
We saw some comments from Tesla’s shareholders that are not entirely happy with such announcements, as it would potentially undermine their long position (prices of shares would go down).
The question is whether Elon Musk will still maintain control over the company with a decent enough voting power? Or maybe he intends to outsmart others – no surprise here – and buy the shares, once they will fall (which happens from time to time) at a lower price. A few years ago, he had a plan to take Tesla private (and funding was “almost” “secured”).
Anyway, we are waiting to see what will happen with Tesla next. One thing is for sure, with Elon Musk at the helm, you can’t count on having a relaxing weekend. It’s time to roll the dice.
order lasuna online cheap – buy diarex sale oral himcolin
Your writing style makes complex topics seem simple. Thanks!
order besivance online – order carbocysteine pill cheap sildamax generic
buy colospa cheap – order etoricoxib order pletal 100mg generic
buy celecoxib 200mg for sale – order celecoxib 100mg generic order indocin 75mg online
rumalaya price – rumalaya tablets endep 50mg us
order pyridostigmine 60mg pills – generic mestinon buy azathioprine 50mg without prescription
diclofenac brand – imdur pills buy nimotop online cheap
baclofen drug – buy piroxicam 20mg buy feldene 20mg pills
cyproheptadine medication – generic periactin purchase tizanidine
buy generic trihexyphenidyl – buy generic trihexyphenidyl over the counter order voltaren gel cheap
isotretinoin 10mg brand – deltasone 5mg over the counter deltasone 20mg pills
deltasone 20mg pill – order prednisone 20mg pills purchase permethrin cream
order permethrin cream – order generic benzac retin cream price
order metronidazole without prescription – buy flagyl 400mg buy cenforce 100mg online cheap
buy betnovate cheap – buy adapalene cream order benoquin for sale
amoxiclav order – synthroid order online cheap levoxyl generic
cleocin pill – cleocin 300mg pill indocin cheap
losartan generic – order losartan 50mg without prescription keflex pills
buy generic crotamiton online – aczone where to buy order aczone gel
cheap bupropion 150mg – where can i buy bupropion purchase shuddha guggulu online
how to get provigil without a prescription – meloset online buy melatonin online cheap
prometrium without prescription – cheap ponstel cheap fertomid pills
norethindrone 5mg usa – yasmin order online cheap yasmin online
buy alendronate generic – alendronate 70mg cheap buy medroxyprogesterone generic
order cabergoline 0.25mg pills – order premarin 600 mg online buy alesse tablets
buy estrace tablets – brand estrace 2mg buy cheap generic arimidex
バイアグラ еЂ‹дєєијёе…Ґ гЃЉгЃ™гЃ™г‚Ѓ – г‚·гѓ«гѓ‡гѓЉгѓ•г‚Јгѓ« гЃ®иіје…Ґ жЈи¦Џе“Ѓг‚·г‚ўгѓЄг‚№йЊ гЃ®жЈгЃ—い処方