(Bloomberg) — Elon Musk, the world’s wealthiest particular person, started his Sunday sparring with U.S. Senator Bernie Sanders, who tweeted a day earlier that “we should demand that the extraordinarily rich pay their justifiable share.” Musk even raised the notion of promoting extra of his Tesla Inc. shares, which might require him to pay taxes on the positive factors.

Most Learn from Bloomberg

“I maintain forgetting that you simply’re nonetheless alive,” Musk, the chief government officer of Tesla and SpaceX, tweeted in a reply to the 80-year-old senator from Vermont. In a subsequent tweet, Musk requested: “Need me to promote extra inventory, Bernie? Simply say the phrase…”

Musk offloaded virtually $7 billion price of Tesla inventory over the previous week, which helped to push the automaker’s shares down about 15{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} for the week. Musk’s inventory gross sales started after he tweeted an uncommon ballot Nov. 7 on Twitter asking whether or not he ought to promote.

Musk didn’t point out in his prior tweets that he had tens of millions of inventory choices that have to be exercised earlier than they expire in August 2022. He stated in September that he was prone to train “an enormous block” of these choices towards the tip of 2021. Musk is price about $286 billion as tracked on the Bloomberg Billionaires Index.

In October, Musk stated Tesla would transfer its headquarters from California to Austin, Texas, a state which levies no earnings tax. On Saturday, Musk tweeted that he’s been residing in a small house in South Texas for the previous two years. “Feels extra homey to reside in a small home,” he wrote.

Sanders, a Vermont impartial who caucuses with Democrats, chairs the Senate Funds Committee and has lengthy advocated for the rich to pay extra taxes. In March, Sanders tweeted that the quantity of wealth collected by Musk and Amazon.com Inc. co-founder Jeff Bezos was “immoral.” Musk additionally lately chided U.S. Senator Ron Wyden, a Democrat from Oregon and chair of the Senate Finance Committee, who had pushed for a wealth tax on billionaires.

Most Learn from Bloomberg Businessweek

©2021 Bloomberg L.P.


Musk Taunts Bernie Sanders, Suggests He’d Promote Extra Tesla Inventory