$Tesla (TSLA.US)$ In this "poll," Elon is playing 4D chess. ...
1. Sell the stock, pay taxes
2. Tank the stock.
3. Buy the stock as it rises.
4. Pay for capital gains tax with capital gains tax.
2. Tank the stock.
3. Buy the stock as it rises.
4. Pay for capital gains tax with capital gains tax.
Genius.
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Brandon Golden : Typical Elon and that's why we love him. Man has 155 IQ! :-)
Spider-Man to moon : I mean he is doing it for his ego. What's the difference between a few billion on his end. Nothing.
arts food business Spider-Man to moon: it’s his billions and he can do as he pleases with his money
James Browny arts food business: He can. But it's asinine to care. His ego does, and it gets fed by social media
Sacai Luis : A very dangerous game. If everything goes according to plan:
1. Sell the stock, the price goes down, @elonmusk loses some control of #Tesla.
2. A new poll to ask if followers want him to buy the stock back .
3. Buy the stock while the price is down.
4. Make a lot of money in the two operations, sufficient to pay all taxes involved and more.
However, what if it doesn't go according to plan?
Indicator analyst Sacai Luis: he owns 170 millions shares,so after selling he owns 153 million shares,it is always a good idea to lighten up,car busines is notoroiusly cyclical and competitions are plenty-Rivian IPO is Friday
IT farmer Indicator analyst: Wrong. The IPO debut is Tuesday, 11/9.
Johnsh Sacai Luis: "3. Buy the stock while the price is down."
Executive officers of US corporations are prohibited from buying and selling stock in the same 6 month period. Option exercises do not qualify as buy transactions, which is why you see execs exercising options and immediately selling all or part of them.