International Business: Twitter users say ‘yes’ to Musk’s proposal to sell 10% of his Tesla stock – Gulf Digital News
International Business: Twitter users say ‘yes’ to Musk’s proposal to sell 10% of his Tesla stock – Gulf Digital News
Tesla Inc CEO Elon Musk should sell about 10% of his Tesla stock, according to 57.9% of people who voted on his Twitter poll asking users of the social media network whether he should offload the stake.
“I was prepared to accept either outcome,” Musk said, after the voting ended.
The world’s richest person tweeted on Saturday that he would offload 10% of his stock if users approved the proposal. Musk has previously said he would have to exercise a large number of stock options in the next three months, which would create a big tax bill. Selling some of his stock could free up funds to pay the taxes.
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