Elon Musk asks Twitter if he should sell 10% of his Tesla stock

[goatmane]

People with insane Networth like Musk just use loans from the bank to live off of and they pay it back from their estate when they die

that’s how they avoid taxes and yes he needs liquid cash

Yup looks like he was using stock as Collateral

https://www.cnbc.com/2021/11/07/elo...likely-the-real-reason-hes-selling-stock.html

No matter the results of the poll, Musk would have likely started selling millions of shares this quarter. The reason: a looming tax bill of more than $15 billion.

Musk was awarded options in 2012 as part of a compensation plan. Because he doesn’t take a salary or cash bonus, his wealth comes from stock awards and the gains in Tesla’s share price. The 2012 award was for 22.8 million shares at a strike price of $6.24 per share. Tesla shares closed at $1,222.09 on Friday, meaning his gain on the shares totals just under $28 billion.

The company has also recently disclosed that Musk has taken out loans using his shares as collateral, and with the sales, Musk may want to repay some of those loan obligations.

 

[Goat poster]

Also it's interesting threads about The 1% and Mega Corporations avoiding paying billions in taxes gets barely any views but we had like 3 separate 20+ page threads on hypothetical checks to migrants

You see it

 

[Icantspell]

he selling either way. this just makes it look like his followers decided for him

 

[ImLionyall]

Market manipulation or free speech

 

[Scustin Bieburr]

This is the man that will save the world according to some coli posters.

 

[NSSVO]

Also it's interesting threads about The 1% and Mega Corporations avoiding paying billions in taxes gets barely any views but we had like 3 separate 20+ page threads on hypothetical checks to migrants

Easier to hate closer to your level that's why. This billionaire strangehold isn't going anywhere, and we all have to learn to maneuver around it.

 

[goatmane]

Also it's interesting threads about The 1% and Mega Corporations avoiding paying billions in taxes gets barely any views but we had like 3 separate 20+ page threads on hypothetical checks to migrants

Those are not hypothetical checks. Biden said they paying

 

[King Kai]

https://www.cnbc.com/2021/11/07/elo...likely-the-real-reason-hes-selling-stock.html

"Tesla CEO Elon Musk faces a tax bill of more than $15 billion in the coming months on stock options, making a sale of his Tesla stock this year likely regardless of the Twitter vote."