Finance
Elon Musk spars with Bernie Sanders, offers to sell more Tesla stock
Published by maria gbaf
Posted on November 15, 2021
2 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on November 15, 2021
2 min readLast updated: January 28, 2026
Elon Musk and Bernie Sanders spar over taxes, with Musk offering to sell more Tesla stock amid US tax reform talks.
By Aishwarya Nair
(Reuters) – Tesla Inc Chief Executive Elon Musk got into a spat with Bernie Sanders on Sunday after the U.S. senator demanded the wealthy pay their “fair share” of taxes.
“We must demand that the extremely wealthy pay their fair share. Period,” Sanders wrote on Twitter. Taking a jibe at the 80-year-old senator, Musk responded by saying “I keep forgetting that you’re still alive.”
The billionaire CEO who had already offloaded a combined $6.9 billion worth of shares in the electric car company as of Nov. 12, further wrote, “Want me to sell more stock, Bernie? Just say the word.”
Sanders’ tweet comes amid the backdrop of Washington’s efforts to hike taxes for the super-wealthy.
U.S. Senate Democrats have unveiled a proposal to tax billionaires’ stocks and other tradeable assets to help finance President Joe Biden’s social spending agenda and close a loophole that has allowed them to defer capital gains taxes indefinitely.
A week ago, Musk tweeted that he would sell 10% of his shares if users of the social media platform endorsed the move. About 57.9% of people voted for the stock sale.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Lisa Shumaker)
The main topic is Elon Musk's response to Bernie Sanders regarding taxes and the potential sale of more Tesla stock.
Musk offered to sell more Tesla stock in response to Bernie Sanders' call for the wealthy to pay their fair share of taxes.
The proposal aims to tax billionaires' stocks and tradeable assets to fund social spending and close tax loopholes.
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