What’s Really Behind Elon Musk’s Possible Tesla Stock Sale
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Tesla CEO Elon Musk tweeted about proposed taxes on unrealized gains, and possibly selling stock. His followers want him to sell, which might just be Musk's best move.
Getty ImagesTesla‘s iconoclastic CEO Elon Musk made waves over the weekend when he asked his millions of Twitter followers if he should sell Tesla stock, creating a taxable event. It generated comments from the government and sparked additional debate over the taxation of the ultrawealthy.
Igniting a Twitter (ticker: TWTR) firestorm might have been Musk’s endgame. He might, however, just be making smart tax-planning decisions. But no, the Twitter poll isn’t a hidden way to avoid paying taxes on some of his stock options.
If...