Elon Musk Polls Twitter on Whether to Sell $20 Billion in Tesla Stock

<p>Elon Musk, CEO of Tesla and SpaceX, has asked his Twitter followers if he should sell Tesla stock. He has also stated that he will follow the poll's results. Many people are urging Musk to sell his Tesla stock and invest in cryptocurrency, specifically bitcoin.</p> <p>Elon Musk polled his Twitter followers to see if they wanted him to sell his Tesla stock, and the majority of them said yes.</p> <p>Elon Musk, CEO of Tesla, launched a poll on Twitter on Saturday, asking his 62.7 million followers to vote on whether he should sell 10% of his Tesla stock. "Because there has been a lot of talk recently about unrealised gains as a way to avoid taxes, I propose selling 10% of my Tesla stock." "Would you agree?" Musk used Twitter to express his thoughts.</p> <p>In a subsequent tweet, he stated that he "does not take any cash salary or bonus from anywhere," emphasising that "I only have stock, thus the only way for me to pay taxes personally is to sell stock." In addition, Tesla's CEO stated:</p> <p>Musk's poll has received a lot of coverage in the media. It received over 3.5 million votes, with 579.9% voting "Yes." The tweet has 111.5K likes and 22.1K retweets.</p> <p>On Friday, Congress passed a $1.2 trillion infrastructure bill after scaling back its contentious tax plan on unrealised capital gains aimed at billionaires. That section of the bill has been separated into a separate $1.9 trillion bill, which will be voted on later.</p> <p>The Tesla CEO, who is now the world's richest man with a nett worth of at least $318.4 billion, has made several tweets criticising the bill in recent weeks.</p> <p>Many bitcoiners took to the poll thread to express their thoughts to Musk. Several people suggested that Musk use the proceeds from his TSLA stock sale to purchase BTC. Microstrategy CEO Michael Saylor, for example, suggested: "If the goal is diversification, an alternate strategy to consider is converting the TSLA balance sheet to a Bitcoin Standard and purchasing $25 billion in BTC." This would provide diversifica