Much of Musk’s wealth is held in shares of Tesla, which does not pay him a cash salary. “I only have stock, thus the only way for me to pay taxes personally is to sell stock,” Musk tweeted. Last week, Tesla shares hit an all-time closing high of $1,229.91 per share. Last Tuesday, Tesla shares tumbled more than 3 per cent after Musk tweeted that a deal to sell 100,000 Teslas to Hertz had not yet been signed. Ives called Musk’s recent Twitter poll “another bizarre soap opera that can only happen to one company and one CEO in the world, Musk.”

Source: The Hindu November 09, 2021 16:04 UTC