Billionaire Elon Musk has begun voting on his twitter page to sell 10 per cent of his stake in Tesla. He has 6.26 crore followers on Twitter.
Following the referendum, which ends on Sunday, it will be known whether he will sell his stake worth about 1.5 lakh crore rupees.
He has vowed to abide by the results of the twitter referendum in response to the "billionaires tax" proposed by the Democrats.
Musk, one of the richest men in the world, will have to pay large sums of tax on this tax. With just hours to go before the polls close, 57.2% of the 32 lakh respondents voted "yes".
Musk, the CEO of tesla, owns shares worth over Rs 15 lakh. The value of his shares is likely to rise further with the Democrats bill. At the same time, he will have to pay a huge amount of tax. Under the bill, the rich will have to pay taxes when the price of their shares rises, even if they do not sell them.
"I don't buy cash or bonuses in cash from anywhere. I only have shares. So the only way I can personally pay taxes is to sell shares," Ellen Musk said in another tweet.
The proposed tax on capital gains, whether assets are sold or not, is expected to have an impact on about $ 700 billion in the United States.
He recently said he would sell $ 6 billion in shares of tesla and donate it to the World Food Program. Musk's twitter poll has raised eyebrows in the financial world.
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