The Real Reason Elon Musk Wants to Sell His Stock

Elon Musk's tweet about selling 10% of his Tesla shares led to a significant market reaction. A Twitter poll he conducted showed 58% of users supported the sale. This move came amid discussions on a proposed billionaire tax by Democrats, which Musk opposed. Additionally, Musk faces a large tax bill due to stock options expiring in 2022, prompting the need to sell shares.

What was the main reason for the initial sell-off of Tesla shares?

• A tweet by Elon Musk

• A new product launch

• A financial report

• A competitor's announcement

What percentage of Twitter poll participants voted for Musk to sell 10% of his shares?

• 58%

• 50%

• 42%

• 75%

What was the proposed tax by Democrats intended to fund?

• Infrastructure development

• Space exploration

• Military expansion

• Social programs

What was one of the reasons Musk needed to sell shares by the end of the year?

• To cover a large tax bill

• To pay off a personal loan

• To buy a new property

• To invest in a new company

When were Musk's stock options, awarded in 2012, set to expire?

• January 2023

• December 2021

• March 2022

• August 2022