Bloomberg Technology

Musk Should Sell $21 Billion Tesla Stake, Twitter Poll Says

Elon Musk asked on Twitter whether he should sell 10% of his stake in Tesla Inc., and a majority of his social media followers said they’d support such a sale. Su Keenan reports on “Bloomberg Daybreak: Australia.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology”…

Published

3 years ago

November 8, 2021

CYBER TECH TV

Elon Musk asked on Twitter whether he should sell 10% of his stake in Tesla Inc., and a majority of his social media followers said they’d support such a sale. Su Keenan reports on “Bloomberg Daybreak: Australia.”
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[CC may contain inaccuracies] so will must go ahead and sell that stake and what does that
mean for the stock. Well we can’t know for sure if he’s going to

go ahead with it but analysts estimate that we could see a dent
in the stock of about six to seven percent based on a crypto

currency parallel to the Tesla stock. What we do know is that
mosque is a very high profile CEO. He is often engaged with his

followers and fans on Twitter. And this weekend of course was no
exception. He floated the idea of selling a 10 percent stake in

his Tesla stock. Related to it appears tax gains. The tweet said
much has made lately of unrealized gains being a means of tax

avoidance. So I proposed selling 10 percent of my stock. He
asked people to come back with yes or no. The poll went out on

Twitter Saturday. It was close shortly after 215 p.m. a couple
hours ago New York time with about 58 percent of respondents

backing the idea of the sale. On the question of to sell or not
to sell must set in a follow up tweet. As we mentioned he was

prepared to accept either outcome. But if he does follow this
survey it appears he would go ahead. And analysts say that could

put a little bit of a dent in the stock. On Monday we should
also point out that the big picture for Tesla’s stock is very

strong. It is soared 73 percent this year giving it a valuation
of one point two trillion. We do know that if Musk were to sell

his 10 percent stake about 21 billion worth of stock in the
Monday session that would be an 80 percent increase in the

normal volume that we’ve seen over the past quarter. So there
will be that as well. It’s also interesting again that he

reached out for this kind of issue to his followers. It kind of
gives a heads up as well as to why he might be selling.

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16 Comments

Edgar Cardenas

November 8, 2021 at 1:03 am

$#$# Tony stark blue pen 🖊️

Reply
Slickpete83

November 8, 2021 at 1:06 am

💡💡💡 *Elon should sell 21 Billion worth of TESLA stocks and buy 420k Teslas cars and give them out to people for free, thus increasing his net worth even more by increasing Tesla sales*

Reply
- Sir Derty ✓
  
  November 8, 2021 at 1:11 am
  
  They did a poll on that.
  69.420% agree
  
  Reply
- your wife's boyfriend
  
  November 8, 2021 at 1:21 am
  
  that’s worse than just giving the cars away…that’s like paying extra to give away something u already own….Tesla investors…dumbest people u will ever meet…
  
  Reply
- Slickpete83
  
  November 8, 2021 at 1:29 am
  
  @your wife’s boyfriend *he could take order of his own 420000 Tesla cars and sell them on the used market , then using money from used Tesla sales to buy more new Tesla cars , infinite profit loop*
  
  Reply
Sir Derty ✓

November 8, 2021 at 1:07 am

Twitter is filled with bots and polls are not legit online for years.. get a clue ladies.

Reply
Sir Derty ✓

November 8, 2021 at 1:09 am

Why are you sadsacks hiding normal comments? but you let someone post nonsense characters?

Reply
Sir Derty ✓

November 8, 2021 at 1:09 am

Stop erasing normal comments… grow up.

Reply
- Sir Derty ✓
  
  November 8, 2021 at 1:10 am
  
  Why are you sadsacks hiding normal comments? but you let someone post nonsense characters? Twitter is filled with bots and polls are not legit online for years.. get a clue ladies.
  
  Reply
Hutin Pui

November 8, 2021 at 1:10 am

dumped for BTC

Reply
Swornim Kc

November 8, 2021 at 1:11 am

you know what , twitter is not real place

Reply
A. Ali

November 8, 2021 at 1:16 am

what are these 2 gossip girls talking about … who sells like that in one day and tank the market of their own company …. jesus … where do they come from :::)))))) its Fin media … not Singapore housewives … 🙂

Reply
your wife's boyfriend

November 8, 2021 at 1:22 am

literally elon wants to sell so he has a bunch of bots voting to make the decision for him…u guys are retarded as fuck….

Reply
your wife's boyfriend

November 8, 2021 at 1:23 am

the supporters he has are wsb idiots…the are diamond hands…they dont sell. the voting is rigged…

Reply
Tony Nguyen

November 8, 2021 at 1:23 am

Elon is so influential, that sale could set off a broader sell-off to an already inflated bubbly market…Go Elon!

Reply
420KinK

November 8, 2021 at 1:24 am

Ive never heard of a more bullish dip

Reply

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