Elon Musk is a well-known bitcoin hodler. However, the Tesla CEO has been criticized for buying shares in his company while it continues to struggle with production delays and loses money.
Elon Musk is a well-known cryptocurrency hodler. He has been very vocal about his thoughts on Bitcoin, and Tesla stock. In a recent survey, it was found that he should sell $23B of Tesla stock. Read more in detail here: elon musk tesla shares.
Elon Musk, a Bitcoin (BTC) supporter, Tesla CEO, and the world’s wealthiest man, claims he would sell 10% of Tesla shares (TSLA) if Twitter orders him to.
Musk joined the argument over US tax policy in a Twitter poll on Nov. 6 by proposing to put it to the test with a $23 billion sale.
Musk is being urged to sell $TSLA on Twitter.
This year, US Treasury Secretary Janet Yellen made a stir by advocating that unrealized gains should be taxed as part of a proposal aimed at “exceptionally wealthy” individuals.
Apart from moral issues, bitcoin proponents slammed the plan, claiming that it entails mathematics that are almost difficult to apply to cryptocurrencies.
Musk, whose cryptocurrency holdings include Bitcoin, Ether (ETH), and Dogecoin (DOGE), skirted direct criticism by vowing to sell 10% of his Tesla shares if the poll results indicated that he should.
“I will follow the results of this poll, regardless of the outcome,” he added.
He went on to say that he doesn’t get a “cash income or bonus from anyplace,” thus the sale would be his lone taxable event.
At the time of writing on Sunday, 57 percent of the survey’s 3.2 million respondents believed he should go ahead and sell the 19.3 million TSLA shares at $1.222 apiece, for a total of $23,582,600,000.
Elon Musk’s Twitter poll as of 3 p.m. UTC on November 7th. Elon Musk/Twitter is the source of this information.
Is this a good moment to sell?
Musk’s net worth has surpassed a quarter of a trillion dollars, according to Cointelegraph. Recent advances in Tesla shares and the company’s $1.5 billion BTC holdings have lifted Musk’s net worth over a quarter of a trillion dollars.
In October, the memecoin dubbed ‘Dogelon Mars’ by Elon Musk grew by roughly 4,000 percent.
In October, he issued a warning about inflation, which he believes would remain in the long run.
Bitcoin markets have already been shaken by economic choices made by the world’s wealthiest man, most notably when Tesla banned Bitcoin payments for its automobiles due to concerns over the cryptocurrency’s environmental credentials.
Documents suggest that the door is still open for the verdict to be overturned, as reported by Cointelegraph.
1-week candle chart for TSLA. TradingView is the source of this information.
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