(Twitter) 58% of 3.5 million Twitter users support Elon’s Musk’s idea of selling a 10% stake in Tesla valued at $21 billion.
In a poll conducted over the weekend by Musk, the Tesla CEO said he was prepared to accept the outcome.
Musk proposed the move in a tweet that referenced recent discussions on the American ultra-rich hoarding unrealized gains as a form of tax avoidance.
Dan Ives, an analyst at Wedbush Securities, says Musk’s 10% sale of Tesla stake would not affect the company significantly. He expects the demand for the stock to remain high among retail and institutional investors.
Ives says Musk’s unorthodox way of earning the support of fans and investors via the twitter poll may ease potential concerns on the stock.
Tesla’s stock has risen by 73% this year to a record $1,222.09 as of November 5, propelling the company’s valuation to $1.2 trillion and making Musk the richest man in the world.
In the past, Musk has hinted at not selling stock. He has been in the limelight among other billionaires for not paying a fair share of taxes, with his world’s richest man status also seen as a symbol of increasing inequality.
TSLA: NASDAQ is down -0.64%.
