Published 3 years ago

Elon Musk faces a $15 billion tax bill, which is likely the real reason he’s selling stock

Summary

Tesla CEO Elon Musk faces a tax bill of more than $15 billion in the coming months on stock options, making a sale of his Tesla stock this year likely regardless of the Twitter vote.

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CNN

Taxes, not Twitter, are the real reason Elon Musk might sell some Tesla shares

If and when Elon Musk sells a large chunk of his Tesla shares, it'll probably have relatively little to do with a Twitter poll among his loyal followers — and everything to do with a looming multi-billion-dollar tax bill.

3 years ago·Atlanta, United States

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KRDO

Taxes, not Twitter, are the real reason Elon Musk might sell some Tesla shares

By Chris Isidore, CNN BusinessIf and when Elon Musk sells a large chunk of his Tesla shares, it’ll probably have relatively little to do with a Twitter poll among his loyal followers — and everything to do with a looming multi-billion-dollar tax bill.Musk published a Twitter poll over the weekend, noting that because he doesn’t receive a cash salary he pays income tax only when he sells shares. And because “much is made lately of unrealized gain…

3 years ago·Colorado Springs, United States

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KIFI

Taxes, not Twitter, are the real reason Elon Musk might sell some Tesla shares - Local News 8

3 years ago·Idaho Falls, United States

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CNBC

Elon Musk faces a $15 billion tax bill, which is likely the real reason he's selling stock

Elon Musk faces a tax bill of over $15 billion in the coming months on stock options, making a sale of Tesla stock this year likely regardless of the Twitter vote.

3 years ago·United States

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WION

Behind Elon Musk’s Twitter poll is a tax bill coming due

Elon Musk may have already been compelled to sell a sizable portion of his Tesla shares even if he had not issued an unusual Twitter pledge over the weekend. Musk on Saturday polled Twitter users on whether he should sell 10% of his stake in his company. The poll appeared to be a response to a Democratic proposal to tax the unrealized gains of billionaires. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose se…

3 years ago·Noida, India

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Political Wire

Elon Musk Faces $15 Billion Tax Bill

“Tesla CEO Elon Musk faces a tax bill of more than $15 billion in the coming months on stock options, making a sale of his Tesla stock this year likely regardless of the Twitter vote,” CNBC reports.“Musk asked his 62.7 million Twitter followers over the weekend whether he should sell 10% of his Tesla holdings… No matter the results of the poll, Musk would have likely started selling millions of shares this quarter.”

3 years ago·New York, United States

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