Elon Musk Might Lose $25 Billion After Fan Poll Backfires

Elon Musk is no stranger to bizarre Twitter interactions, often sharing absurd memes and sparking interesting discussions. One of his more recent Twitter polls, however, might cost him heavily, if he actually decides to follow through on his word.

The Tesla CEO went on Twitter yesterday and asked his fans and followers if they supported him selling off 10% of his Tesla shares. Attached to the question was a 24-hour poll.

Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?

The poll ended with about 3.5 million people voting, of which a staggering 57.9% users voted Yes, meaning they want Musk to sell off 10% of his Tesla shares.

Musk reportedly owns 193 million Tesla shares, which amounts to an astounding $250 billion. If Musk were to offload 10% of these shares, he could stand to lose $25 billion. This would be a significant loss, of course, but not enough to knock him off the position of the world’s richest man.

Part of the reason why Musk considered the poll in the first place has to do with increasing discourse surrounding the fact that the uber-wealthy are not taxed enough. Since Musk does not take a salary or bonuses, the only thing he can do is offload his shares. Musk has yet to respond to the Twitter poll. Check it out below.

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