Elon Musk spars with Bernie Sanders, offers to sell more Tesla stock

- Advertisement -


Nov 14 (Businesshala) – Tesla Inc (TSLA.O) Chief Executive Elon Musk got into a brawl with Bernie Sanders on Sunday after a US senator demanded the rich pay a “fair share” of taxes.

- Advertisement -

“We must demand that the extremely wealthy pay their fair share. Period,” Sanders wrote on Twitter. Taking a jibe at the 80-year-old senator, Musk replied, “I keep forgetting that you’re still alive.”

- Advertisement -

The billionaire CEO, who had already sold $6.9 billion worth of shares in the electric car company as of November 12, continued, “I want to sell more stock, Bernie? Just say the word.”

Sanders’ tweet comes amid Washington’s efforts to raise taxes for the super-rich.

- Advertisement -

US Senate Democrats have unveiled a proposal to tax billionaires’ shares and other tradable assets to help finance President Joe Biden’s social spending agenda and close a loophole that would have allowed them to pay capital gains taxes. has been allowed to be adjourned indefinitely.

A week ago, Musk tweeted that he would sell 10% of his shares if the social media platform’s users supported the move. About 57.9% of the people voted for the stock sale.

Reporting by Aishwarya Nair in Bengaluru; Editing by Lisa Shumaker

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox