Elon Musk Urged To Sell 10% of Tesla Shares on Twitter Poll

Patrick’s Books:

Poll concluded that he should sell 10 per cent of his position in tesla. when elon announced the poll on saturday, if he were to go ahead with the sale, the based on friday’s closing price, musk’s he didn’t indicate when or how he would a while to sell a block that large without moving the market. in the fourth quarter as he has options that expire early next year.

Take a salary or cash bonus, his wealth comes the 2012 award was for 22.8 million shares at a strike price of $6.24 per share. now, these options expire next august, and right before the expiration date – there it appears that musk might want to exercise under us tax laws, when you exercise options he will also have to pay the 13.3% top tax granted and mostly earned

While he was a california tax resident. so that tax bill is something he will have of him to pay the tax this year, rather than so, that then leads us to ask if musk is really to, or because this is just a good way of releasing the news to the market? stock price more or less than the sudden appearance this is a big block of stock that might be i would think a more blunt

Announcement might that – he has avoided the discussions that the ceo is selling because he has lost faith in the company. ok, so, does he really need to sell the stock to make this tax payment? $100bn worth of stock — pledged as collateral basically he has borrowed money using his to cash without selling stock and paying capital gains taxes. likely lend him the money

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To meet this tax it is worth noting that since tesla went public sold a bit more than 1.4 million shares for the thing is that one way or another he is he will be taxed on the difference between we can’t know exactly how his taxes are of stock that he receives by exercising his taxes, as there might be no capital gain on it probably makes sense for him to sell the we

Of course have to wonder if elon’s tweet nanny” that is supposed to oversee his communications relating to tesla? the company’s securities (including musk’s that might be material to shareholders with a tesla securities lawyer. tax avoidance, so i propose selling 10% of my tesla stock,” a proposal to fund the increased spending gains, or the increase in value of

Unsold sen. ron wyden, chairman of the senate finance saying “whether or not the world’s wealthiest he added that it’s “time for the billionaires income tax.” senator wyden’s proposed “billionaires of the spending bill, but not before winning such a tax bill which would target less than damage to u.s. capital markets, dwarfing whatever back in august 2018 elon famously

Tweeted funding secured,” and then he spent the had he actually taken the company private for a company that today has a market cap of 1.2 trillion dollars. bid the stock up between then and now to its 1.2 trillion-dollar valuation. then, as many of the big plans like robo taxis, there would have been numerous articles he you could easily argue that he has a net worth

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As the ceo of a public company, who is entirely if he had taken the company private, he would likely be paying a lot less. would have mainly impacted people like bezos in a situation with such a tax system, there american public capital markets have been shrinking for decades. there has been a recent surge of ipo’s partly the billionaire tax would quickly end any on

Unrealized gains for a small group of americans. stocks gone – where i discuss why public

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Elon Musk Urged To Sell 10% of Tesla Shares on Twitter Poll By Patrick BoyleliveBroadcastDetails{isLiveNowfalsestartTimestamp2021-11-08T220019+0000endTimestamp2021-11-08T221231+0000}

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