9 minutes agoThe people voted: Elon Musk must sell Tesla shares
Periskopi(5 years ago)
(5 years ago)Elon Musk has created not a few transitions recently with his stance on failing to pay a possible billion-dollar tax, which some democratic lawmakers have proposed and in a poll made by him on Twitter for the last few days, the social media people have voted to sell shares. [...]
Over 3.5 million people voted in the survey, called by Musk himself on Twitter. About 58% of them were for the sale of shares by Musk.
Exactly, it's about 10% of them. The estimated value is $21 billion.
The richest man in the world had promised the listening of “Twitter people”, but a final answer on his part has not yet come after the results.
Financial bills at the end for it, in case of such a decision-making, are expected to be high.
It is as true on the other hand that this decision will not harm as much as electric car tycoons are thought to be.
Thanks to a clause in his contract with Tesla, he has the right to purchase stocks at very low prices. This, in case the company is performing in the way envisioned over a period of time.
Concretically, due to very good sales from Tesla, Musk has the right to buy a share for $6.24. Meanwhile, the real market price is $1,2000.
So he would recover a large amount of money and shares simultaneously.
But in order for Musk to pay the large tax, the democrats' plan to tax it must also be met.
