Elon Musk asked his twitter follower for permission to sell 10 percent of Tesla stock and this is what they said

Tesla’s CEO and founder Elon Musk is a billionaire and he made most of his money from Tesla stock and other businesses.  Musk owns 17 percent of Tesla and that’s worth a little over $200 billion. Today, Elon Musk revealed that he wants to sell 10 percent of his Tesla stock shares to cover tax bills and he asked his followers to vote. 

Shockingly, more people said Yes than No and this means that Elon Musk will sell about 10 percent of Tesla Shares. Elon may be selling for a few reasons, one is to take profits while Tesla shares price is up. Each Tesla share is selling for $1,222.09 per share and this means he’ll have to sell $21 billion worth of Tesla stocks.

Another reason why Elon may sell Tesla Stocks will be because he needs to cover some tax bills or maybe he also wants to acquire a company.

“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he tweeted as he launched the poll, adding, “I will abide by the results of this poll, whichever way it goes.” Musk posted this on his twitter account.