Elon Musk proposed selling 10 percent of his Tesla Inc. stock on Twitter Saturday, and took a poll of people on the social network to see if they supported it.
Musk said he would “abide by the results of this poll, whichever way it goes.”
The amount of stock in play is valued at about $21 billion, based on his holdings of 170.5 million Tesla shares. The stock, which surged 74 percent this year to a record on Thursday, closed 0.6 percent lower at $1,222.09 on Friday.
The number of shares Musk could be set to offload based on the Twitter poll is equivalent to 80 percent of the average daily trading volume for Tesla in the past three months.
As of Saturday night, more than 55 percent of the 2 million users who had voted supported Musk selling his shares. The poll will end around 3 p.m. on Sunday.
Musk, the world’s richest person known for his tongue-in-cheek tweets, cited recent discussion of the wealthy hoarding unrealized gains to avoid paying taxes.
