News of Elon Musk selling Tesla shares has rocked the market lately. The billionaire had sold a total of 2.15 million shares valued at $5 billion on Thursday. The sale comes after a widely received poll that the Tesla boss had earlier set up on Twitter to ask the community what they think about him selling off the shares. At the time, the stocks Musk had proposed to sell had been worth around $25 billion. After the poll went live, it had garnered over 3.5 million votes, with the majority saying that he should sell off the shares. It was a close call though as only 58 had voted in favor of the sale. The rest of the votes opposed the sale. Related Reading | AMC Theatres Says Customers Will Soon Be Able To Pay With Shiba Inu Musk’s simple Twitter poll had adversely affected the price of Tesla stocks. Two days after the poll went live, Tesla shares had fallen 16%, costing Musk $50 billion. Now, it seems Musk went with the majority as he had eventually sold off some of his stocks. Why Musk Sold Tesla Shares Billionaire Elon Musk had sold the Tesla shares to pay income taxes which he had incurred after a 2.2 million shares acquisition. Like his previous sale in 2016, the proceeds from the sale had gone to paying the billionaire’s hefty income taxes. However, instead of the 10% which he had polled his Twitter followers regarding, Musk had ended up only selling 3% of his total Tesla holdings. Doge price trending around $0.25 ...
