Tesla CEO Elon Musk sold 5.1 million shares for $6.9 billion this week, according to the company’s regulatory filings, which were disclosed on Friday. The stock transaction is estimated to generate $1.4 billion in capital gains tax.

Following the results of a Twitter poll in which he questioned if he should sell 10% of his interest in electric vehicle producer Tesla or not, the entrepreneur sold Tesla shares.

Tesla’s CEO tweeted on Saturday, “Given the recent focus on unrealized gains as a form of tax avoidance, I recommend selling 10% of my Tesla stock. Do you agree with this?”

The poll found that 58 percent of the 3.5 million people voted in favor of Musk selling his stocks, while 42 percent voted against it. However, regulatory documents revealed that Musk had begun selling a few shares before launching the Twitter poll.

The sell-off of Tesla shares, on the other hand, has caused a drop in the stocks of electric vehicle makers. Overall, the company’s stock sank 15.4 percent last week. The decline occurred after Tesla’s market capitalization surpassed $1 trillion. The company’s stock has been plummeting since Monday and has now plummeted even lower.

Even after selling 5.1 million Tesla shares, Musk still owns 167 million of the company’s stock. Musk is currently the richest guy on the planet. The entrepreneur is worth $294 billion, according to the Bloomberg Billionaires Index.

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