Elon Musk sells $ 5 billion worth of Tesla shares after Twitter poll

Musk asked his followers if he should sell his Tesla shares . They said yes.

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Elon Musk is a man of words. After a poll on Twitter asking if he should sell 10% of his shares in Tesla , the CEO of the company did so partially, obtaining 5 billion dollars.

“There is a lot of talk lately that unrealized profits are a means of tax avoidance, which is why I propose to sell 10% of my Tesla stock, ” Musk tweeted on Saturday .

More than 3 million people participated in the activity, with 57% in favor of the sale. Despite this, Musk did not sell 10%, but only 3%, about 4.5 million shares.

After the transactions, Elon Musk still owns about 167 million shares of Tesla.

Why sell your shares?

About $ 1.1 billion will go toward paying tax obligations for the stock options granted to Musk in September.

Musk, the richest person on the planet, has recently come under fire for not doing more to help his fellow men who don’t have enough to eat.

The director of the United Nations World Food Program explained last month that a one-time donation of $ 6 billion from the world’s richest people would help save 42 million people from salvation.

In response, Musk said he would make the donation if they showed him how his donation would solve hunger forever . An official response is still awaited.