Voters in a poll on Twitter urged Elon Musk to sell 10% of his shares in Tesla
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.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.
Musk has criticized the proposal saying, "Eventually, they run out of other people’s money and then they come for you." His brother Kimbal Musk on Friday sold 88,500 Tesla shares, becoming the latest board member to offload a large number of Tesla stocks which hit record highs. He has an option to buy 22.86 million shares at $6.24 each, which expires on Aug. 13 next year, according to a Tesla filing. The option exercise could lead to gains of roughly $28 billion based on Tesla's Friday closing price of $1,222.09.
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