Elon Musk picked a Twitter fight with Bernie Sanders over tax policy

  • Date: 16-Nov-2021
  • Source: CNBC
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Elon Musk picked a Twitter fight with Bernie Sanders over tax policy

And SpaceX CEO Elon Musk sparred with Senator Bernie Sanders over tax policy this weekend on Twitter, and tried to provoke him again on Monday morning. According to his website, the independent Senator (who generally caucuses with Democrats) is a proponent of transitioning the U.S. energy system to renewables, providing $200 billion to a Green Climate Fund, and other environment-oriented policies that would serve well. But he is also a proponent of hiking taxes for the super-rich, as is Oregon Democratic Senator Ron Wyden, who Musk needled on Twitter in a similar exchange earlier in November. Musk, who has the highest net worth in the world today, is staunchly against a so-called "billionaire's income tax." Last week, . (As of Monday morning, Musk still holds more than 166 million shares in the company.) In recent weeks, sales from Musk and other insiders have put pressure on Tesla shares. Last week, Tesla stock declined 15.4%, marking the company's worst , and its worst week ever excluding declines in the first quarter of 2020 as the coronavirus pandemic sent markets tumbling. Tesla was down another 3% in late day trading on Monday. As his sell-off continues, Musk will face a potentially massive