[ad_1]
Elon Musk over the weekend asked Twitter users to decide if they could sell more than $ 20bn of Tesla’s shares and pay taxes – as well as the masses of the internet. he replied and clearly “yes”.
Musk’s desire to make money in one-tenth of his assets and bring in a tax return of more than $ 4bn according to Twittersphere’s will follows the US sentiment that billions should pay taxes on their unprofitable profits. He he warned last month that each new tax will one day be paid to middle-class groups, tweeting: “Eventually, they spend other people’s money and then come to you,” he tweeted.
Leaving the group to decide if he should sell his first Tesla product with the brand has pleased Musk fans and made him the most followed business leader on Twitter, with 62.7m followers, when he needed his own. many critics.
“Whether the richest man in the world pays taxes or not should not depend on the results of the Twitter poll,” Ron Wyden, head of the Democratic Senate’s finance committee, said before the results of the vote were announced. Wyden has filed a new tax bill on billions of unprecedented profits that could affect 700 million Americans.
Musk said he does not take any payments or bonuses from any of his companies, leaving him to pay taxes. However, he has made billions of dollars through Tesla’s compensation package, which he agreed three years ago, when he was able to implement major stock options as the carmaker achieved other operational goals and his shares hit pre-set levels.
“Most of it has been made recently due to unprofitable profits as a way to avoid taxes, which is why I want to sell 10% of my Tesla,” a Tesla executive wrote on Saturday. “Following the results of this study,” he said, “he has” followed the results of this study. “
The 24-hour vote ended when about 58 percent of the 3.5m polls asked him to sell. Musk did not immediately respond to the results.
If it goes further, the vote will allow a larger share of Tesla shares to reach the market. Based on the closing price on Friday, 17 percent of Musk at Tesla was worth $ 208bn. He did not say when or how much he would lose. Many executives use so-called “blind” marketing software when losing large stocks, to long-term marketing and to avoid claims that they are using inside information to sell.
Musk’s promised sale will be more than the $ 12.3bn shares that Tesla himself sold in 2020, when he took the opportunity to raise stock prices to save his money. The sale was divided into three quarters a year, with two major revenues reaching $ 5bn each.
The average daily sales in the suburbs reached $ 25bn, making it one of the most fluid on Wall Street.
Major long-term gains result in federal taxes of up to 20 percent, though Musk could save billions of dollars on additional state taxes. California, where Tesla was founded and established for a lifetime, pays a tax of up to 12.3 percent on capital gains. Musk last year sold the three homes he owns in California and last month said Tesla relocated its headquarters to Texas, which does not pay any taxes or profits.
To say openly that he could sell such a large share of the shares and then not follow up could prompt Musk to take action from the directors, if it appeared to be likely to affect Tesla’s price target. Three years ago, the Securities and Exchange Commission demanded that the company begin looking into any of Musk’s communications that could affect its share price, incorrectly posting a tweet that Tesla was close to a purchase.
[ad_2]
Source link
