{"id":13093,"date":"2021-11-08T05:29:23","date_gmt":"2021-11-08T10:29:23","guid":{"rendered":"https:\/\/autosector.com\/auto\/?p=13093"},"modified":"2021-11-08T05:29:23","modified_gmt":"2021-11-08T10:29:23","slug":"musk-twitter-poll-backs-stake-sale","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=13093","title":{"rendered":"Musk Twitter poll backs stake sale &#8211; Just Auto"},"content":{"rendered":"<figure class=\"c-post-figure c-post-figure--4-3\">\n<div class=\"c-post-figure__image-container\">\n\t\t\t\t\t\t\t   <a href=\"https:\/\/www.just-auto.com\/news\/musk-twitter-poll-backs-stake-sale\/?utm_source=Army%20Technology&amp;utm_medium=website&amp;utm_campaign=Must%20Read&amp;utm_content=Image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAP\/\/\/wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==\" data-src=\"https:\/\/www.just-auto.com\/wp-content\/uploads\/sites\/37\/2021\/04\/2018-08-10-11-41-ceoelonmuskatfirstuksupercharger_cropped_70-5.jpg\" alt=\"Musk Twitter poll backs stake sale\" class=\"c-post-figure__image lazyload\"\/><\/a>\n\t\t\t\t\t\t\t  <\/div>\n<\/figure>\n<p>Tesla\u2019s share price on the Frankfurt stock exchange has drifted down today after Elon Musk has suggested he would sell around 10% of his stock if a poll of Twitter users said he should.\n<\/p>\n<p>Musk tweeted on Saturday that he would offload 10% of his stock if users of the social media network approved the proposal.\n<\/p>\n<p>The Twitter poll asking Musk\u2019s followers if he should sell stock garnered more than 3.5 million votes, and 58% of people voted \u201cYes\u201d.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" readability=\"9.1111111111111\">\n<p lang=\"en\" dir=\"ltr\">Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.\n<\/p>\n<p>Do you support this?<\/p>\n<p>\u2014 Lorde Edge (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1457064697782489088?ref_src=twsrc%5Etfw\">November 6, 2021<\/a><\/p>\n<\/blockquote>\n<p>US-listed shares are also expected to take a hit later today when the Nasdaq opens.\n<\/p>\n<p>\u201cI was prepared to accept either outcome,\u201d Musk said, after the voting ended.                    <!-- \n\n<div id=\"resultnew_secondary\"> --><\/p>\n<p>\t\t\t\t\t\t\t<!-- \/14453196\/Verdict\/Verdict_In_Article --><\/p>\n<p><!-- \/14453196\/Verdict\/Verdict-In-Article-Mobile --> <\/p>\n<p>\t\t\t\t\t\t <!--\n\n<aside class=\"c-in-post-report new-tmt u-mb-5 u-px-0 u-py-0\">\n                       \n\n<article class=\"c-in-post-report__article\">\n                        \n\n<div class=\"c-in-post-report__wrapper u-border-0 u-px-0 u-py-0\">\n\t\t\t\t\t\t  \n\n<figure class=\"c-post-figure c-post-figure--4-3 c-post-figure--vertical c-post-figure--vertical tmt-img hide-for-small-only\">\n                            <a href=\"https:\/\/hot-topics.globaldata.com\/reports\/tech-media-and-telecom-themes-2021-thematic-research\/\" class=\"c-post-figure__link c-post-figure__image-container\" target=\"_blank\" rel=\"noopener\">\n                              <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAP\/\/\/wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==\" data-src=\"\/wp-content\/themes\/goodlife-wp-B2B\/assets\/img\/tmt-banner.png\" alt=\"Covid-19 chart\" class=\"c-post-figure__image lazyload\" \/>\n                            <\/a>\n                          <\/figure>\n\n \n\t\t\t\t\t\t  \n\n<div class=\"c-in-post-report__content u-pt-5\">\n                           \n\n<h6>Thematic Reports<\/h6>\n\n\n                            \n\n<h5 class=\"u-mt-0\">Are you worried about the pace of innovation in your industry?<\/h5>\n\n\n                            \n\n<p class=\"c-in-post-report__tagline u-mb-4 u-mt-2\">GlobalData's TMT Themes 2021 Report tells you everything you need to know about disruptive tech themes and which companies are best placed to help you digitally transform your business.<\/p>\n\n\n\n                            <a href=\"https:\/\/hot-topics.globaldata.com\/reports\/tech-media-and-telecom-themes-2021-thematic-research\/\" class=\"button primary  u-pt-3 u-py-3\" target=\"_blank\" rel=\"noopener\">Find out more<\/a>\n                          <\/div>\n\n\n                        <\/div>\n\n\n                      <\/article>\n\n\n                    <\/aside>\n\n\n                    <\/div>\n\n  -->                <\/p>\n<p>Tesla\u2019s share price has soared in recent years and 10% of Musk\u2019s stock would amount to around $20 billion.\n<\/p>\n<p>Including stock options, Musk owns a 23% stake in Tesla, the world\u2019s most valuable car company with a market cap of $1.21 trillion.\n<\/p>\n<p>Musk had previously said he would have to exercise a large number of stock options in the next three months, which would create a big tax bill. Observers note that selling some of his stock could also free up funds for Musk to pay taxes that would arise from exercising stock options. He has come under some criticism for alleged tax avoidance \u2013 he takes no salary but has made considerable compensation gains through stock options related to share price targets.\n<\/p>\n<p>In the US there are proposals to create a \u2018billionaires tax\u2019 targeting stock options for extremely wealthy individuals.\n<\/p>\n<p>       <!--\n\n<aside class=\"c-in-post-companies preview-lat-2019\" style=\"display:none;\"> --><\/p>\n<aside class=\"c-in-post-companies preview-lat-2019\">\n<h4 class=\"c-in-post-report__title u-border-top u-pt-4 \">Related Companies<\/h4>\n<div class=\"company-hover-tracking company-hover-data\" id=\"company97880\" data-url=\"https:\/\/www.just-auto.com\/contractors\/data\/globaldata-consumer\/\">\n<div class=\"activator\">\n<article class=\"c-in-post-post__article\" readability=\"20.51376146789\">\n<div class=\"c-post-content fxl-figbtt\" readability=\"28.631578947368\">\n            <a href=\"https:\/\/www.just-auto.com\/contractors\/data\/globaldata-consumer\/\"><\/p>\n<h3 class=\"c-post-content__title\">\n                        GlobalData<\/h3>\n<p><\/a><\/p>\n<p class=\"c-post-content__excerpt\">\n                                GlobalData can provide actionable insights to drive your company forward            <\/p>\n<p>\n                    <span class=\"c-post-content__publish-date\">28 Aug 2020<\/span>\n                <\/p>\n<\/p><\/div>\n<figure class=\"fxl-figbl\">\n                        <img decoding=\"async\" src=\"https:\/\/www.just-auto.com\/wp-content\/uploads\/sites\/37\/2021\/06\/GD_purple-300x59-1.png\"\/>                                                            <\/p>\n<\/figure>\n<\/article><\/div>\n<\/div>\n<div class=\"company-hover-tracking company-hover-data\" id=\"company102147\" data-url=\"https:\/\/www.just-auto.com\/contractors\/events-and-publications\/globaldata-pharma-4\/\">\n<div class=\"activator\">\n<article class=\"c-in-post-post__article\" readability=\"22.532374100719\">\n<div class=\"c-post-content fxl-figbtt\" readability=\"31.28\">\n            <a href=\"https:\/\/www.just-auto.com\/contractors\/events-and-publications\/globaldata-pharma-4\/\"><\/p>\n<h3 class=\"c-post-content__title\">\n                        GlobalData<\/h3>\n<p><\/a><\/p>\n<p class=\"c-post-content__excerpt\">\n                                GlobalData exists to help businesses decode the future to profit from faster, more informed decisions.             <\/p>\n<p>\n                    <span class=\"c-post-content__publish-date\">28 Aug 2020<\/span>\n                <\/p>\n<\/p><\/div>\n<figure class=\"fxl-figbl\">\n                        <img decoding=\"async\" src=\"https:\/\/www.just-auto.com\/wp-content\/uploads\/sites\/37\/2021\/07\/GD_purple-1024x203.png\"\/>                                                            <\/p>\n<\/figure>\n<\/article><\/div>\n<\/div>\n<div class=\"company-hover-tracking company-hover-data\" id=\"company107351\" data-url=\"https:\/\/www.just-auto.com\/contractors\/data\/globaldata-automotive\/\">\n<div class=\"activator\">\n<article class=\"c-in-post-post__article\" readability=\"20.51376146789\">\n<div class=\"c-post-content fxl-figbtt\" readability=\"28.631578947368\">\n            <a href=\"https:\/\/www.just-auto.com\/contractors\/data\/globaldata-automotive\/\"><\/p>\n<h3 class=\"c-post-content__title\">\n                        GlobalData<\/h3>\n<p><\/a><\/p>\n<p class=\"c-post-content__excerpt\">\n                                GlobalData can provide actionable insights to drive your company forward            <\/p>\n<p>\n                    <span class=\"c-post-content__publish-date\">28 Aug 2020<\/span>\n                <\/p>\n<\/p><\/div>\n<figure class=\"fxl-figbl\">\n                        <img decoding=\"async\" src=\"https:\/\/www.just-auto.com\/wp-content\/uploads\/sites\/37\/2021\/06\/GD_purple-300x59-1.png\"\/>                                                            <\/p>\n<\/figure>\n<\/article><\/div>\n<\/div>\n<\/aside>\n","protected":false},"excerpt":{"rendered":"<p>Tesla\u2019s share price on the Frankfurt stock exchange has drifted down today after Elon Musk has suggested he would sell around 10% of his stock if a poll of Twitter users said he should. Musk tweeted on Saturday that he would offload 10% of his stock if users of the social media network approved the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"class_list":["post-13093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/13093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13093"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/13093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13093"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}