Elon Musk’s wealth down by $50 billion to sub-$300 billion, here’s why
Zee News
The bloodbath that followed after Elon Musk's tweets has sunk Tesla stock by $200 billion.
New Delhi: Clearly, two of the costliest tweets in the history of Global Inc - and who else but Elon Musk, the world’s richest man, to have bunged them in. "Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock," Musk asked by way of a "yes" or "no" poll on the microblogging platform over the weekend.
Not satisfied with the poll, the maverick mega-billionaire followed up six minutes later, stating: "I will abide by the results of this poll, whichever way it goes." The result out there in full public view was stark: 52:48 in favour of Musk selling 10 per cent!
By then Musk had shut off any clause to escape the bears: "Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock."