Elon Musk has sold over $5 billion in Tesla shares after losing a controversial Twitter poll about his taxes. Follow Newsweek's liveblog for all the latest.
Tesla CEO Elon Musk has sold millions of shares in the electric car company, raising over $5 billion after a controversial Twitter poll about his tax bill. The sales amount to around three percent of Musk's stake in the company but still leaves him as the largest shareholder in the company.he said he would sell 10 percent of his holdings in the company, worth more than $20 billion
The poll raises questions about whether it was always Musk's intention to sell off regardless, with tax transactions"automatically effected" in a sell-off plan already agreed in September.What did Musk's Twitter poll say? Musk claims not to take a salary or bonus from Tesla, instead using sold shares to pay $1.1 billion in taxes due in the next 12 months.
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