Tesla Inc. chief Elon Musk said on Saturday he would sell about 10 percent of his stake in the company, based on votes on his Twitter poll asking users of the social media network whether he should sell his shares. About 58 percent voted “Yes”. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10 percent of my Tesla stock,” Musk said in a tweet, adding he does not take cash salary or bonus “from anywhere,” and only has stock. Musk has previously said he would have to exercise a large number of stock options in the next three months that would create a big tax bill. Selling some of his stock could free up funds to pay the taxes. Following are comments from analysts: Graham Tanaka, Chief Investment Officer, Tanaka Capital Management, New York “Selling that number of shares is a lot …
Analysts React to Musk’s Poll on Offloading 10 Percent of Tesla Stock
November 10, 2021
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