10bagger moo
commented on
US President Joe Biden was at the inauguration of $General Motors(GM.US$'s Factory Zero yesterday, the company's first electric vehicle factory, and he gave a speech in which he gave credit to GM CEO Mary Barra for "electrifying the entire auto industry." ![]()
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Now, Musk has responded to $Tesla(TSLA.US$'s Full Self-Driving beta testers Kim Paquette on Twitter, who said, "What a slap in the face to all the American Tesla employees who worked so hard to actually lead the way."
"Indeed," said Musk.![]()
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What is clear is that the electrification of transport would perhaps not be happening on the scale that it is without Tesla, which in 2021 remains the market leader on a global scale.![]()
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Mooers, do you think the president exaggerated facts and who's the real leader in the electric auto industry?![]()
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Now, Musk has responded to $Tesla(TSLA.US$'s Full Self-Driving beta testers Kim Paquette on Twitter, who said, "What a slap in the face to all the American Tesla employees who worked so hard to actually lead the way."
"Indeed," said Musk.
What is clear is that the electrification of transport would perhaps not be happening on the scale that it is without Tesla, which in 2021 remains the market leader on a global scale.
Mooers, do you think the president exaggerated facts and who's the real leader in the electric auto industry?
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27
10bagger moo
commented on
$Tesla(TSLA.US$ sold 1 Tesla and bought 7 Rivian .. m gonna be rich tonight
8
10bagger moo
commented on
Yesterday, Elon Musk asked Twitter users to decide whether he should sell more than $20bn worth of his Tesla shares and pay tax.
The Tesla CEO said he would "abide by the results of this poll, whichever way it goes".
And the final result is "Yes"![]()
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But wait, why did he want to sell Tesla shares![]()
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There are two obvious reasons![]()
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1. He needs money![]()
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Musk doesn't accept a cash salary from Tesla. His compensation package entitles him to stock awards.
Musk was awarded options in 2012 as part of a compensation plan. 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 options expire in August of next year. Yet in order to exercise them, Musk has to pay the income tax on the gain. The total tax bill on his options, at the current price, would be $15 billion.
Therefore, Musk has to sell Tesla shares to make money.
2. Tax rates may increase![]()
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If Musk were to sell stock, now could be a good time.
The current top tax rate on long-term capital gains is 23.8%, but Congress has been considering raising it. Changes in capital-gains tax rates often take effect immediately, to prevent gamesmanship.
Musk previously blasted a proposed tax on billionaires that would have subjected some holdings of about 700 Americans to annual capital-gains taxes on increases in value.
Will Tesla's share price fall?
- On the FTX crypto exchange Sunday afternoon, Tesla tokens have traded for $1,127, or 7.8% below where the real stock closed on Nov. 5.![]()
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- Musk's brother Kimbal Musk on Friday sold 88,500 Tesla shares, becoming the latest board member to offload a large number of Tesla stocks which hit record highs.![]()
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- Since CEOs have limited windows in which to sell stock, and Musk would likely want to stagger the sales over at least two quarters, analysts and tax experts have been expecting Musk to start selling in the fourth quarter of 2021.![]()
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Will Tesla's share price fall??![]()
![]()
The Tesla CEO said he would "abide by the results of this poll, whichever way it goes".
And the final result is "Yes"
But wait, why did he want to sell Tesla shares
There are two obvious reasons
1. He needs money
Musk doesn't accept a cash salary from Tesla. His compensation package entitles him to stock awards.
Musk was awarded options in 2012 as part of a compensation plan. 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 options expire in August of next year. Yet in order to exercise them, Musk has to pay the income tax on the gain. The total tax bill on his options, at the current price, would be $15 billion.
Therefore, Musk has to sell Tesla shares to make money.
2. Tax rates may increase
If Musk were to sell stock, now could be a good time.
The current top tax rate on long-term capital gains is 23.8%, but Congress has been considering raising it. Changes in capital-gains tax rates often take effect immediately, to prevent gamesmanship.
Musk previously blasted a proposed tax on billionaires that would have subjected some holdings of about 700 Americans to annual capital-gains taxes on increases in value.
Will Tesla's share price fall?
- On the FTX crypto exchange Sunday afternoon, Tesla tokens have traded for $1,127, or 7.8% below where the real stock closed on Nov. 5.
- Musk's brother Kimbal Musk on Friday sold 88,500 Tesla shares, becoming the latest board member to offload a large number of Tesla stocks which hit record highs.
- Since CEOs have limited windows in which to sell stock, and Musk would likely want to stagger the sales over at least two quarters, analysts and tax experts have been expecting Musk to start selling in the fourth quarter of 2021.
Will Tesla's share price fall??
+3
51
14
10bagger moo
commented on
$Ford Motor(F.US$ $Tesla(TSLA.US$ Ford possesses the Technology to beat Tesla with safer, higher capacity batteries that require less than half the power to recharge the batteries. Right now they are shoring up their supply lines for batteries and their components. They are doing so because of the microchip shortage that has hurt sales significantly.
Take a serious look at the Ford F-150 Lightening which can power a small home for about 2 days on one charge.
Take a serious look at the Ford F-150 Lightening which can power a small home for about 2 days on one charge.
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4
10bagger moo
commented on
Wedbush Securities managing director Dan Ives said Monday that Elon Musk's $Tesla(TSLA.US$reached a "tipping point" with a deal to sell 100K electric vehicles to rental car company $Hertz Global Holdings, Inc.(HTZZ.US$.
In an interview with CNBC, Ives added that the company reached a "watershed moment" by passing the $1T market cap mark, as the company remains in the early innings of a "green tidal wave."
Early Monday, Tesla revealed a deal to provide 100K vehicles to HTZZ, which plans to offer the EVs to its rental customers. Bloomberg reported that the deal will represent about $4.2B in revenue.
News of the deal sparked a nearly 13% rally in TSLA on Monday, adding to gains posted last week.
Fueled in part by its recent earnings release, shares set a new all-time high last week, with Monday's advance extending that peak. TSLA reached an intraday 52-week high of $1,045.02 before closing at $1,024.86.
Monday's gains also sent TSLA's market cap above $1T, putting it in a class with $Apple(AAPL.US$, $Microsoft(MSFT.US$, $Alphabet-C(GOOG.US$and $Amazon(AMZN.US$. $Facebook(FB.US$has been in the $1T club as well, although it has fallen below that level recently.
Asked how TSLA can maintain its market leadership as the EV market becomes more crowded, Ives pointed to several advantages the company holds over latecomers to the industry.
"I think Tesla has a battery technology moat, the supply moat ... and then you look at just the brand and the cache that Musk has built," he said.
Ives asserted that his figures show TSLA demand outstripping supply by about 10%.
"We've never viewed Tesla as an automotive company. We've viewed it as a disruptive technology company," Ives noted, highlighting his firm's $1,500 bull-case price target.
In an interview with CNBC, Ives added that the company reached a "watershed moment" by passing the $1T market cap mark, as the company remains in the early innings of a "green tidal wave."
Early Monday, Tesla revealed a deal to provide 100K vehicles to HTZZ, which plans to offer the EVs to its rental customers. Bloomberg reported that the deal will represent about $4.2B in revenue.
News of the deal sparked a nearly 13% rally in TSLA on Monday, adding to gains posted last week.
Fueled in part by its recent earnings release, shares set a new all-time high last week, with Monday's advance extending that peak. TSLA reached an intraday 52-week high of $1,045.02 before closing at $1,024.86.
Monday's gains also sent TSLA's market cap above $1T, putting it in a class with $Apple(AAPL.US$, $Microsoft(MSFT.US$, $Alphabet-C(GOOG.US$and $Amazon(AMZN.US$. $Facebook(FB.US$has been in the $1T club as well, although it has fallen below that level recently.
Asked how TSLA can maintain its market leadership as the EV market becomes more crowded, Ives pointed to several advantages the company holds over latecomers to the industry.
"I think Tesla has a battery technology moat, the supply moat ... and then you look at just the brand and the cache that Musk has built," he said.
Ives asserted that his figures show TSLA demand outstripping supply by about 10%.
"We've never viewed Tesla as an automotive company. We've viewed it as a disruptive technology company," Ives noted, highlighting his firm's $1,500 bull-case price target.
14
5
10bagger moo
commented on
$Tesla(TSLA.US$
Selling to a rental car company is not a good idea. There is no need to sell big orders to car rental companies. The market is bound to be filled by other electric car companies.
Selling to a rental car company is not a good idea. There is no need to sell big orders to car rental companies. The market is bound to be filled by other electric car companies.
5
10bagger moo
commented on
I really dislike Cathie Woods for her hypocrisy on her recommendations (esp Tesla, RobinHood and Coinbase) but for this case, I unwittingly did the same thing (not following her) and bought into Snap yesterday. Hope she doesn't mess things up for me.
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10bagger moo : Let's go Brandon