Elon Musk, CEO of US electric car maker Tesla and known as a cryptocurrency backer, tweeted on the sixth day (local time) whether he will sell 10% of his Tesla stock and convert it into cash. An investigation has begun.
A lot of unrealized gains have been made lately as a way to avoid taxes, so I’m suggesting selling 10% of my Tesla stock.
Do you support this?
– Elon Musk November 6, 2021
In a tweet on Twitter the same afternoon, Musk said, “Recently, there has been a lot of discussion regarding unrealized profits as a means of tax evasion. Therefore, I am proposing to sell 10% of my Tesla stock.” Era’s followers and Twitter users determine the fate of nearly $25 billion in Tesla stock.
A questionnaire was attached to the article asking if they supported Musk’s sale of Tesla stock.
As of 10 p.m. 7 p.m. (Korean time), about 900,000 people have taken part in the survey. So far, 57% of Musk’s support for selling a portion of Tesla’s stake is in favor and 43% are against it. This survey will run for 24 hours.
“I will follow up on the results of the survey, regardless of the outcome,” Musk said.
Musk’s personal net worth has risen to $338 billion, according to the Bloomberg Billionaires Index. It’s nearly doubled since early 2021, mainly due to the surge in Tesla’s stock. Musk also runs the space company SpaceX, which is said to be worth more than $100 billion.
Currently, the US Congress has proposed the “billionaire position”, which would tax the assets of the wealthy, such as stocks and bonds. Musk, the world’s richest man, is said to have expressed dissatisfaction with the recent rise in his fortune, making him a prime target for billionaire status.
Meanwhile, Michael Saylor, CEO of MicroStrategy, a Nasdaq-listed company active in investing in Bitcoin, recommended Musk buy Bitcoin from the proceeds from the sale of Tesla stock. He argued that buying bitcoin would protect Tesla from inflation and increase its value.
If the goal is to diversify, an alternative strategy to consider is to diversify TSLA dollars balance sheet to a # bitcoin Record and buy $25 billion in BTC dollars. This will lead to diversification, inflation protection and more upside for all investors in a tax efficient manner.
– Michael Saylor November 6, 2021
According to CoinDesk, cryptocurrency media outlet MicroStrategy, a business intelligence software company that has become a representative of the world’s largest cryptocurrency because it has too many bitcoins on its balance sheet, has announced results for the third quarter this year, totaling 114,042 BTC as of The end of September announced that she had done
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