$Tesla (TSLA.US)$ Record model Y production out of GF Shangh...
$Tesla(TSLA.US$ Record model Y production out of GF Shanghai. More price increases on sky high demand. Best selling car in Europe. SP still north of $1000 on normal tesla volatility. All parabolic runs will result in some profit taking. This is not a dark cloud. Suggesting it is FUD.
Musk admitted to maximizing his tax bill not minimizing it. Spreading out his exercising of options distributes share dilution over a larger time frame. Selling core holdings at ATH maximizes his capital gains tax. He's trying to change the narrative that he's avoiding paying taxes. Plain and simple. He will own roughly 8M more shares by the time he finishes exercising his options even after liquidating this year to cover the pending income taxes.
25% volatility in both directions is normal for Tesla.
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BangoLancer : Is Musk cashing out on a large scale to pay taxes?
Squid Guy : Why doesn't he just let the options expire and help out the stockholders by not diluting them. He can still sell his existing holdings and pay taxes on those to maximize them at a higher percentage based on his overall wealth.
JoanFishers Squid Guy: Then he doesn't pay the income taxes. He's maximizing his tax bill. He's trying to pay income taxes and capital gains taxes not just capital gains taxes. The income taxes are $23B.
henryLiuu JoanFishers: He definitely would pay taxes on the gains if he sells the shares he already owns. Read the tax laws on capital gains if you don't believe me.
CuryNeil henryLiuu: You misunderstood the OP. He is saying no taxes if his options expire, but Elon is trying to maximize his tax bill. Also, letting optioins expire is ridiculous.
Unicore Will henryLiuu: He said first money in last money out. He's not trying to get rid of shares. He's trying to increase his shares while paying the most tax. He will end up +8M shares after exercising the rest of the options.
Only exception henryLiuu: In your version he will only be able to pay capital gains on the stock he already owns. If he exercises his options he can pay capital gains on all those new shares after holding them for a while, plus the income taxes. Your version doesn't maximize his tax bill. It only pays capital gains on current holdings. He can pay much more that if he exercises the options.
emirsway : "Best selling car in Europe "
Arround 28th best selling car close to Dacia