Analysis: Musk’s Tesla Stock Sale Poll Raises Taxing Questions

Analysis: Musk’s Tesla Stock Sale Poll Raises Taxing Questions
Elon Musk, founder and CEO of SpaceX, participates in a press conference at the Kennedy Space Center in Cape Canaveral, Fla., on May 27, 2020. Saul Martinez/Getty Images
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When Elon Musk asked his Twitter followers last weekend if he should sell 10 percent of his Tesla Inc stock, he said he was posing the question because “much is made lately of unrealized gains being a means of tax avoidance.”

Yet the timing of his upcoming stock sale could solve a major tax headache for himself and save Tesla billions of dollars from its own tax bill before congressional Democrats clamp down on such breaks and try to hike taxes for the super-wealthy, tax and corporate compensation experts said.