Musk even raised the idea of selling more shares of Tesla Inc., which would require him to pay capital gains taxes.
80-year-old Sanders, who unsuccessfully sought the Democratic Party presidential nomination in 2016 and 2020, tweeted Saturday that “we must demand that the extremely rich pay their fair share.” He didn’t mention Musk by name.
Musk, whose $ 286 billion fortune has made him a target for proponents of a wealth tax, tweeted: “I keep forgetting you’re still alive.”
In a subsequent tweet from last Sunday, Musk asked, “Do you want me to sell more stock, Bernie? Just say the word …”
Musk was still tweeting 11 hours later, saying Sanders “is a buyer, not a creator”.
Moss downloaded nearly $ 7 billion in Tesla stock last week, helping to push the automaker’s shares down 15 percent. The stock fell as much as 2.9% before normal trading began on Monday.
The stock disposals began after Musk asked Twitter users if he should sell. But some of the trades were made as part of a trading plan he set up in September, well before consulting his sizeable following on social media.
Musk also didn’t mention in his tweets that he has millions of stock options that need to be exercised before they expire in August 2022. He said that in September he would likely exercise “a huge freeze” of those options towards the end of this year.
Late last year, Musk confirmed that he had moved from California to Texas, a state that does not charge any income tax. On Saturday, Musk tweeted that he had lived in a small house in South Texas for the past two years. “It feels more familiar to live in a small house,” he wrote.
Sanders, a Vermont independent who works with Democrats, chairs the Senate Budget Committee and has long argued that the rich pay more taxes. In March, he tweeted that the amount of wealth amassed by Musk and Amazon.com Inc. co-founder Jeff Bezos was “immoral.”
Musk also recently reprimanded US Senator Ron Wyden, an Oregon Democrat and chairman of the Senate Finance Committee, for pushing for a wealth tax on billionaires.