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Twitter voters urge Elon Musk to sell 10% of his stake in Tesla to pay tax

The BBC reported, voters in a Twitter poll have urged Elon Musk to sell 10% of his stake in Tesla in order to pay tax.
It mentioned that more than 3.5 million Twitter users voted in the poll, launched by Mr Musk on Saturday, with nearly 58% voting in favour of the share sale.
It said that the vote could see him dispose of nearly $21bn (£16bn) of stock in the electric carmaker.
According to the BBC, he has promised to abide by the result, in response to a "billionaires tax" proposed by US Democrats.
But Mr Musk, one of the world's richest men, has yet to comment publicly on the verdict, or how and when he would sell his stake.
Should he go ahead with the sale, it could leave him with a huge tax bill.

When disposing of large share holdings, some chief executives use so-called "blind" sales programmes, spreading the sale over a long time period to avoid accusations of insider trading.
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In an earlier tweet on Saturday, Mr Musk said he took no salary or bonuses from any of his companies - meaning he has no earnings on which to pay income tax.
But he has made billions of dollars through a compensation package, which gives him power to exercise large amounts of stock options when the company meets performance targets and its shares hit certain prices.
Mr Musk has an option, which expires in August next year, to buy 22.86 million Tesla shares at $6.24 each - a fraction of Tesla's closing share price on Friday of $1,222.
Under plans proposed by the Democratic Party in the Senate, billionaires could be taxed on "unrealised gains" when the price of their shares goes up - even if they do not sell any of their stock.
It is thought the proposed tax on capital gains, whether or not assets have been sold, could hit about 700 billionaires in the US. Critics have pointed out that the value of assets do not always go up.
Mr Musk's recent Twitter poll has raised some eyebrows in the world of finance.
"We are witnessing the Twitter masses deciding the outcome of a $25B coin flip," Venture investor Chamath Palihapitiya wrote on Twitter.
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"Looking forward to the day when the richest person in the world paying some tax does not depend on a Twitter poll," Berkeley economist Gabriel Zucman tweeted.
Mr Musk is one of the most popular business leaders on Twitter, with nearly 63 million followers.
He regularly uses the platform to share updates from the companies he owns - including SpaceX and Neuralink. He is also known for sharing memes, adding to his popularity among fans.
But some posts have drawn controversy.
Earlier this year he tweeted in response to a claim, made by the head of the UN World Food Programme (WFP), that just 2% of Mr Musk's wealth could help to solve world hunger.
In October, Mr Musk said he would sell $6bn in Tesla stock and donate it to the WFP, provided it could describe "exactly how $6bn will solve world hunger".
Source: BBC
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BENEFIT Sponsors BuildHer...
- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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