Twitter users say 'yes' to Musk's proposal to sell 10 per cent of his Tesla stock
CTV
Tesla Inc CEO Elon Musk should sell about 10% of his Tesla stock, according to 57.9% of people who voted on his Twitter poll asking users of the social media network whether he should offload the stake.
"I was prepared to accept either outcome," Musk said, after the voting ended.
The world's richest person tweeted on Saturday that he would offload 10% of his stock if users approved the proposal. Musk has 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. Selling some of his stock could free up funds to pay the taxes.
As of June 30, Musk's shareholding in Tesla came to about 170.5 million shares and selling 10% would amount to close to $21 billion based on Friday's closing, according to Reuters calculations.
The poll garnered more than 3.5 million votes.
This year’s hard winter weather likely left significant damage for many homeowners coming into spring. Building and renovation expert Ryan Thompson spoke to CTV’s Your Morning about some of the biggest areas to focus on around the exterior of your home, to help prevent serious damage after the cold, hard winter.
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March is Liver Health Month, and while many people think about alcohol and diet when it comes to liver health, a growing risk factor is chronic hepatitis B.
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