Elon Musk polls Twitter followers to decide if he should sell Tesla shares

Austin, Texas - Tesla boss Elon Musk has asked Twitter users to vote on whether he should sell off 10% of his shares in the electric carmaker.

Elon Musk asked Twitter users to vote on whether he should sell off 10% of his Tesla shares.
Elon Musk asked Twitter users to vote on whether he should sell off 10% of his Tesla shares.  © Collage: Screenshot/Twitter/@elonmusk & IMAGO / ZUMA Wire

In a Twitter poll initiated by Musk, 57.9% of the votes were in favour of his selling the shares.

Musk asked the following question on Twitter:

"Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?"

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Twitter users were asked to choose between "Yes" and "No."

By Sunday evening, more than 3.5 million votes had been cast in 24 hours. The business mogul has a total of 62.7 million Twitter followers.

The shares package Musk is talking about selling is currently worth more than $20 billion. The 50-year-old assured Twitter users at the outset that he would stick to the result of the poll.

Ron Wyden, a US senator from the state of Oregon, seemed unimpressed by Musk's initiative.

"Whether or not the world's wealthiest man pays any taxes at all shouldn't depend on the results of a Twitter poll. It's time for the Billionaires Income Tax," Ryden tweeted.

Musk's fortune has grown strongly in recent months with the steady rise in the price of Tesla shares, at least on paper. However, according to the current rules, taxes are only due when he reaps gains from a sale of shares.

Cover photo: Collage: Screenshot/Twitter/@elonmusk & IMAGO / ZUMA Wire

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