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+--- Thread: Elon Musk Selling Tesla Shares (/Thread-Elon-Musk-Selling-Tesla-Shares)
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Elon Musk Selling Tesla Shares - Jiggly - 11-12-2021
![[Image: REC_ASA3_CODE21_20210928_143439_0053_M.0.jpeg]](https://cdn.vox-cdn.com/thumbor/_D6hi1khV-V4cEwwJPER2MxU_-4=/0x0:600x400/920x613/filters:focal(252x152:348x248):format(webp)/cdn.vox-cdn.com/uploads/chorus_image/image/70125145/REC_ASA3_CODE21_20210928_143439_0053_M.0.jpeg)
Imagine a twitter poll deciding whether you sell billions worth of shares? If you'd seen this poll, would you have told him to sell them or not?
Code:
Musk is selling these shares after facing increased scrutiny over his wealth, especially from elected officials. The world’s richest man has been criticized for not paying income taxes, since he doesn’t actually take a salary from Tesla and instead is compensated in stock awards. Musk doesn’t have to pay taxes on that compensation until he claims and sells that awarded stock — something he hasn’t done in a few years. Instead, Musk borrows a lot of money using his holdings as collateral.
One official, Ron Wyden (D-OR) has proposed a “Billionaires Income Tax” that would tax these wealth increases like income, despite them being “unrealized gains.” This pressure prompted Musk to poll Twitter this past weekend as to whether he should sell 10 percent of his Tesla holdings to pay taxes. The response was, somewhat narrowly, yes.
(When Wyden quote-tweeted Musk’s poll saying that “[w]hether the world’s wealthiest man pays taxes at all shouldn’t depend on the results of a Twitter poll”, Musk responded crudely.)One could argue, if a democratic government is going to decide whether Musk should be paying taxes, what's the difference between that and a Twitter Poll?
If you have a spare hour, and are curious towards Elon's line of thinking (and his usual quips), check out this interview below:
RE: Elon Musk Selling Tesla Shares - Oni - 11-12-2021
SEC needs to get him to calm down again.
RE: Elon Musk Selling Tesla Shares - mothered - 11-13-2021
I read about It this morning.
I certainly didn't expect It.
RE: Elon Musk Selling Tesla Shares - stuart pullen - 11-13-2021
I guess it would be a great opportunity for investors, tesla is going to be the future of technology
RE: Elon Musk Selling Tesla Shares - Jiggly - 11-13-2021
(11-13-2021, 09:02 AM)stuart pullen Wrote: I guess it would be a great opportunity for investors, tesla is going to be the future of technology
I imagine people are jumping on it.
(11-12-2021, 09:54 PM)Oni Wrote: SEC needs to get him to calm down again.
SEC? (I hate acronyms)
RE: Elon Musk Selling Tesla Shares - mothered - 11-13-2021
(11-13-2021, 10:32 AM)Jiggly Wrote: SEC? (I hate acronyms)Securities and Exchange Commission.
RE: Elon Musk Selling Tesla Shares - fritz - 11-13-2021
Well nothing coming Elon can surprise me anymore.
About that...
![[Image: YqkIG6F.png]](https://i.imgur.com/YqkIG6F.png)
https://twitter.com/elonmusk/status/1457497438474981384?s=21
RE: Elon Musk Selling Tesla Shares - Jiggly - 11-14-2021
(11-13-2021, 11:17 AM)mothered Wrote:(11-13-2021, 10:32 AM)Jiggly Wrote: SEC? (I hate acronyms)Securities and Exchange Commission.
Thank you!
(11-13-2021, 03:09 PM)fritz Wrote: Well nothing coming Elon can surprise me anymore.
About that...
https://twitter.com/elonmusk/status/1457497438474981384?s=21
He's absolutely toxic in the most amusing way at times. I can think of a dozen people who would have been cancelled for saying something like that.
RE: Elon Musk Selling Tesla Shares - Elizabeth14 - 12-04-2021
I think it's all thought out in Ilona Mask, when to sell and when to buy
RE: Elon Musk Selling Tesla Shares - Jiggly - 12-05-2021
(12-04-2021, 03:09 PM)Elizabeth14 Wrote: I think it's all thought out in Ilona Mask, when to sell and when to buy
What?