The fall comes after Musk asked his 62.5 million Twitter followers to determine the future of a chunk of his Tesla holdings.
with the company yet. Before that statement, he taunted investors who were short shares of Tesla on Twitter, writing: "Tesla Hertz shorts."Elon's tax bill
Since the options are taxed as an employee benefit or compensation, they will be taxed at top ordinary income levels, or 37% plus the 3.8% net investment tax. He will also have to pay the 13.3% top tax rate in California since the options were granted and mostly earned while he was a California tax resident.
Musk, who is also CEO of SpaceX and brain-computer interface start-up Neuralink, hasn't confirmed the size of the tax bill. However, he tweeted: "Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock."
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