The richest man in the world is grumpy.
CEO Elon Musk, whose personal fortune has grown by about $250 billion since the pandemic began, lashed out at Senator Bernie Sanders on Twitter over the weekend, after the independent Vermont newspaper tweeted : “We have to ask the extremely wealthy to pay them. fair share. Period.”
Musk apparently made a personal comment, replying: “I always forget that you’re still alive.” Then he added: “Want me to sell more stock, Bernie? Just say the word…”
Just last weekend, Musk shot a juvenile insult at Senator Ron Wyden, D-Ore., who has called for Musk and other billionaires to be taxed more. Sanders previously called the huge fortunes of Musk and Amazon.com Inc.
founder Jeff Bezos “Unethical.”
Last month, Musk responded to a proposed Biden administration tax on billionaires’ unrealized capital gains. by tweeting: “In the end, they run out of other people’s money and then they come looking for you.” Also in October, Musk announced that Tesla would move headquarters from California to Texas, no state income tax.
The anti-tax fury came after a ProPublica report in June that Musk paid a “real tax rate” of about 3.27% and that he avoided paying any federal taxes in 2018. Musk, who does not receive a taxable salary, has a personal fortune of about $285 billion. la, follow Bloomberg Billionaire Index, an increase of more than $116 billion annually to date. That figure includes the $8 billion loss caused by Tesla stock’s plunge last week.
Musk kicks off the weekend with attack Tesla co-founder Martin Eberhard on Twitter, calling him “the worst person I’ve worked with in my entire career” and claiming “He almost killed Tesla.”
Eberhard left the company in 2007, and the two have been in a relationship for many years. Musk’s comments may violate a non-discrimination agreement believed to be part of a settlement after Eberhard sued for defamation in 2007.
“There is nothing quite like having the richest man in the world attack you,” Eberhard said in a statement for Fox Business on Friday.
As part of a deal with the Securities and Exchange Commission in 2018, Tesla is expected to pre-approved all of Musk’s tweets. Earlier this year, the SEC said Musk’s tweets violated that policy twice in 2020. However, the majority are toothless, because there is no real precedent for SEC enforcement social media posts and any potential fines for Musk or Tesla would likely be minuscule compared to their net worth.
Last week Musk sells about $7 billion of Tesla stock, after a Twitter poll said he should sell $10 billion in stock. (Some of those stock purchases were made before the poll was posted.) Musk faces about $15 billion worth of tax bills on his stock options next year, CNBC reported last week, and there will likely be more stock sales. Amid sales news, Tesla stock sank for its worst week in more than a year.
So far, however, Tesla stock is still up 47% year-over-year and about 153% higher over the past 12 months.
https://www.marketwatch.com/story/teslas-elon-musk-spends-another-weekend-insulting-people-on-twitter-11636934985?rss=1&siteid=rss | Tesla’s Elon Musk spends another weekend insulting people on Twitter