Elon Musk offers to sell more Tesla shares after mocking US Senator Bernie Sanders on Twitter

Elon Musk offers to sell more Tesla shares after mocking US Senator Bernie Sanders on Twitter

Elon Musk, the world’s richest person was seen taunting Bernie Sanders on Twitter over the weekend as the American politician asked for the wealthy to pay more in taxes.

Tesla and SpaceX CEO Elon Musk got into a spat with Bernie Sanders, the independent senator from US’ Vermont,  after the latter demanded that the extremely wealthy should pay their “fair share” of taxes. Musk retorted and said, “I keep forgetting that you’re still alive.” Musk, who has already sold around $7 billion worth of Tesla shares this week, further said, “Want me to sell more stock, Bernie? Just say the word…”

Musk hints at selling more shares

Bernie Sanders, who ran for the US President on Saturday tweeted that “We must demand that the extremely wealthy pay their fair share. Period.” To this, Elon Musk responded by saying that he forgets that the 80-year-old Bernie Sanders is still alive. Late, on the same tweet, the Tesla founder asked if Bernie wanted him to sell more Tesla shares. “Want me to sell more stock, Bernie? Just say the word …,” the SpaceX boss said. Further, taking a jibe at Bernie Sanders, who is Chair of the Senate Budget Committee, Elon Musk was seen claiming that the independent politician “was a taker, not a maker”. 

Over the last week, Musk has cashed in nearly $7 billion in Tesla stock, according to Securities and Exchange Commission filings. He even ran a poll on his Twitter asking his followers to vote on whether he should sell the stock, despite the fact that he’d already put a sales plan in motion nearly two months prior, according to regulatory filings.

Musk hinted at a billionaire tax proposed by Sen. Ron Wyden, D-Ore., in the Twitter poll, which would tax unrealized capital gains on assets, including stocks. While the value of Tesla’s stock soared during the pandemic and made Musk the world’s richest man, the business magnate has repeatedly slammed the Democratic tax proposal, which would leave him with a $10 billion annual bill based on projections.

Elon Musk

Musk and Sanders have sparred previously, with the Senator telling the tech billionaire in March to “focus on Earth” instead of aiming his vast wealth at interplanetary travel.

As the chair of the Senate’s budget committee, Sanders has proposed an annual tax on the top 0.1 percent of US households, which he claims will raise about $4.35 trillion over the next decade.

Democrats have put forward a proposal to tax billionaires as a way to fund President Joe Biden’s social spending plans.

Musk sold roughly $6.9 billion worth of Tesla stocks last week in one of the largest-ever stock disposals by a chief executive over a several-day period.

According to a regulatory filing, the Tesla CEO reported selling 1.2 million shares on November 12, worth more than $1.2 billion, reports The Wall Street Journal 

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