Elon Musk clashes with Bernie Sanders, offers to sell more Tesla shares By Reuters


© Reuters. Elon Musk, owner of SpaceX and CEO of Tesla, in Los Angeles, United States, June 13, 2019. REUTERS / Mike Blake

By Aishwarya Nair

Nov 14 (Reuters) – Tesla (NASDAQ 🙂 Chief Executive Elon Musk had a dispute with Bernie Sanders on Sunday after the US senator demanded that the rich pay their “fair share” of taxes.

“We must demand that the extremely wealthy pay their fair share. Period,” Sanders wrote on Twitter (NYSE :). Musk, mocking the 80-year-old senator, replied, “I keep forgetting that you’re still alive.”

The businessman, who had already paid out $ 6.9 billion in shares of the electric car company as of November 12, further wrote: “Do you want me to sell more shares, Bernie? Just tell me.”

Sanders’ tweet comes amid Washington’s efforts to raise taxes for the super rich.

Senate Democrats put forward a proposal to tax billionaires’ stocks and other marketable assets to help fund President Joe Biden’s social spending agenda and close a loophole that has allowed the super-rich to defer taxes on the earnings of capital indefinitely.

A week ago, Musk tweeted that he would sell 10% of his shares if users of the social media platform supported the move. Approximately 57.9% of the people voted in favor of the sale of shares.

(Report by Aishwarya Nair in Bengaluru; Edited in Spanish by Janisse Huambachano)

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