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Faced With $15 Billion Tax Bill, Elon Musk Is Selling Tesla Stock

Faced With $15 Billion Tax Bill, Elon Musk Is Selling Tesla Stock

Published by
ValueWalk

Elon Musk is set to sell a tenth of his Tesla Inc (NASDAQ:TSLA) stock as he faces a tax bill of more than $15 billion on stock options in the upcoming months. The richest man on earth created a Twitter poll to ask his 62,7 million followers whether he should make the move, with more than half supporting the idea. Q3 2021 hedge fund letters, conferences and more Upcoming Tax BillAs reported by CNBC, Musk asserted on the Twitter post: “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.” The results were 58% in favor and 42% against…

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