Elon Musk has put a poll in his Twitter handle inviting his followers to decide whether to sell his Tesla shares. The Tesla and SpaceX CEO has promised to stick and follow the outcome of the poll.
According to the poll, the majority of the followers are encouraging Musk to sell his Tesla shares and invest his money into crypto, specifically bitcoin.
How Many Shares Is He Selling
According to his Twitter poll post, Elon Musk is asking his over 62 million followers to decide on the poll saying that he wants to sell 10% of his Tesla shares.
Elon Musk also says in a follow-up tweet that he is not paid by anyone or from anywhere, whether in cash or bonus. According to him, he only owns shares, and by selling the share, he can pay taxes personally.
Musk’s poll is attracting a lot of media attention. Currently, it has over 3.5 million votes, with 57.9% of the followers saying Yes. The tweet has also received over 120K likes and retweeted over 23K times.
Why Elon Musk Wants Sell His Shares
The U.S. Congress has been debating and finally passed the $1.2 trillion U.S. Foundation bill. This is after sizing down its tax plans on unrealised capital returns by billionaires. This part of the bill is awaiting another $1.9 trillion bill to be voted on later. Then it can take effect.
The Tesla CEO has been posting several tweets criticising the bill in the past few weeks. According to Forbes, Musk tops their list of billionaires being the world’s richest man today with an overall net worth of $318.4 billion.
Many Suggest Elon Musk To Sell And Buy Bitcoin
Several Bitcoin holders and fans engaged in the poll’s discussion voicing their opinions to Musk and suggesting that he should use the money from selling his TSLA shares to buy Bitcoin.
Microstrategy CEO Michael Saylor suggests that Musk should convert the $25 billion worth of TSLA shares to Bitcoin if the goal is to diversify. According to Saylor, this will provide diversification and protect Musk from inflation.
Michael Rihani is also encouraging Musk to sell and buy BTC. According to Rihani, Musk will turn that $25 billion into $100billion.
Michael says that the profit can be used to
- Improve the Tesla and SpaceX missions
- Help more people and countries who are in dire need.
Furthermore, several of Musk’s followers are confident that the world’s billionaire will put some money into the meme coin Dogecoin. Musk has long been supporting DOGE, naming it the people’s crypto. Recently he revealed that he owns three cryptocurrencies: Bitcoin, ETH, and DOGE.
Not All Are Happy With The Poll
However, not all are happy about this poll. Different people have voiced their concerns about Musk selling 10% shares, saying it will sink the TSLA. Others believe that letting Twitter followers decide for him was a poor choice.