Tesla’s CEO Elon Musk has been very vocal about his disapproval of Biden’s new tax plan. He has expressed his views on twitter on several occasions disagreeing with Biden’s vision on taxing the super rich.
This time, the Space X CEO went a step further proposing the sale of 10% of his Tesla stock on Twitter; and started a poll on Twitter to see if his fans supported it. Musk also said he would “abide by the results of this poll, whichever way it goes.”
The amount of stock in play is valued at about $21 billion, based on his holdings of 170.5 million Tesla shares. Tesla closed at $1222.09 on Friday , thats up almost 74% year to date. The number of shares Musk could be set to offload based on the Twitter poll is equivalent to 80% of the average daily trading volume for Tesla in the past three months.
One must wait and see what happens when the market opens on Monday. If Musk ends up selling 10% of his Tesla stock – its going to be a wild ride.