Musk urged to sell 10% of Tesla stake after holding Twitter poll

FT2021-11-08

Elon Musk at the weekend asked Twitter users to decide whether he should sell more than $20bn worth of his Tesla shares and pay tax — and the online crowd responded with a resounding “yes”. Musk’s ...

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精彩评论

Chimmy
2021-11-08
Chimmy
Its because he has an upcoming tax billof USD15 billion. He can cash in his small portion of stocks he owns to raise $$$ to pay it off. The recent surge to $1200+ makes him richer but to me, I find it rather overvaluedAlso, this attracts further attention and eyeballs.So it’s a win win for him no matter how you see it
- AlanBright:
  elon is the best PR of all time. his every words, tweets can influence the tesla price. this could be beneficial however this could be a risk for tesla
Wanlin927
2021-11-08
Wanlin927
Ok
KW1
2021-11-08
KW1
ok like
lowzihong02
2021-11-08
lowzihong02
hhaha lmaooo[Miser] [Miser] [Miser]

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He warned last month that any new tax would one day be extended to the middle classes, tweeting: “Eventually, they run out of other people’s money and then they come for you,” he tweeted.\nLeaving it to the crowd to decide whether he should make his first large-scale sale of Tesla stock was the kind of stunt that has delighted Musk’s fans and made him the most widely followed business leader on Twitter, with 62.7m followers, while needling his many critics.\n“Whether or not the world’s wealthiest man pays any taxes at all shouldn’t depend on the results of a Twitter poll,” Ron Wyden, the Democratic head of the Senate finance committee, said before the result of the vote was known. Wyden has proposed a new tax on billionaires’ unrealised capital gains that would hit the 700 wealthiest people in America.\nMusk said he takes no salary or bonuses from any of his companies, leaving him no earnings to pay income tax on. 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Many CEOs use so-called “blind” sales programs when disposing of large holdings, in order to spread the sales over a longer period and avoid any claims that they are using inside information to time their sales.\nMusk’s promised sale would be significantly more than the $12.3bn worth of shares that Tesla itself sold in 2020, when it took advantage of a soaring stock price to pad its balance sheet. The sale was broken into three instalments during the year, with the largest two reaching $5bn each.\nAverage daily trading volume in the shares has reached $25bn, making it one of the most liquid stocks on Wall Street.\nLong-term capital gains face a federal tax rate of up to 20 per cent, though Musk may have saved himself billions of dollars in extra state taxes. California, where Tesla was founded and has been based for most of its life, charges up to 12.3 per cent tax on capital gains. Musk last year put three houses he owns in California up for sale and last month said Tesla was officially moving its headquarters to Texas, which does not levy any personal income or capital gains taxes.\nSaying publicly that he would sell such a large block of shares and then not following through could expose Musk to action from regulators, if it was seen as something that could affect the Tesla stock price. Three years ago, the Securities and Exchange Commission required the company to start checking any of Musk’s communications that might affect its share price, after he had inaccurately tweeted that Tesla was close to a buyout.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":845414909,"gmtCreate":1636360293136,"gmtModify":1636363106757,"author":{"id":"3565004892423880","authorId":"3565004892423880","name":"Chimmy","avatar":"https://static.tigerbbs.com/eb71d738ca2f4da611b425823ebf3c60","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Its because he has an upcoming tax billof USD15 billion. He can cash in his small&nbsp;portion of stocks he owns&nbsp;to raise $$$ to pay it off. The recent surge to $1200+ makes him richer but to me, I find it rather overvaluedAlso, this attracts further attention and eyeballs.So it’s a win win for him no matter how you see it","listText":"Its because he has an upcoming tax billof USD15 billion. He can cash in his small&nbsp;portion of stocks he owns&nbsp;to raise $$$ to pay it off. The recent surge to $1200+ makes him richer but to me, I find it rather overvaluedAlso, this attracts further attention and eyeballs.So it’s a win win for him no matter how you see it","text":"Its because he has an upcoming tax billof USD15 billion. He can cash in his small portion of stocks he owns to raise $$$ to pay it off. The recent surge to $1200+ makes him richer but to me, I find it rather overvaluedAlso, this attracts further attention and eyeballs.So it’s a win win for him no matter how you see it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/845414909","repostId":1132924221,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6499734,"gmtCreate":1636376398354,"gmtModify":1636376398354,"authorId":9000000000000723,"author":{"id":9000000000000723,"authorId":9000000000000723,"name":"AlanBright","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845414909,"type":1,"supId":0,"prevId":0,"content":"elon is the best PR of all time.\nhis every words, tweets can influence the tesla price.\nthis could be beneficial however this could be a risk for tesla","text":"elon is the best PR of all time.\nhis every words, tweets can influence the tesla price.\nthis could be beneficial however this could be a risk for tesla","html":"elon is the best PR of all time.\nhis every words, tweets can influence the tesla price.\nthis could be beneficial however this could be a risk for tesla"}],"langContent":"CN"},{"id":845437684,"gmtCreate":1636359444495,"gmtModify":1636359510263,"author":{"id":"3582025117705198","authorId":"3582025117705198","name":"Wanlin927","avatar":"https://static.tigerbbs.com/8dcfce5bedd37636dfe4d9ca052f0f47","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845437684","repostId":1132924221,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":845433306,"gmtCreate":1636358964106,"gmtModify":1636359074274,"author":{"id":"3563714281601583","authorId":"3563714281601583","name":"KW1","avatar":"https://static.tigerbbs.com/094e3f8fd8b3de3da976515926ed1403","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"ok like","listText":"ok like","text":"ok like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845433306","repostId":1132924221,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":845491619,"gmtCreate":1636358114255,"gmtModify":1636358451549,"author":{"id":"3580416644219401","authorId":"3580416644219401","name":"lowzihong02","avatar":"https://static.tigerbbs.com/76f270b52aa06462fabeaf396c0091f4","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"hhaha lmaooo[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","listText":"hhaha lmaooo[Miser]&nbsp;[Miser]&nbsp;[Miser]&nbsp;","text":"hhaha lmaooo[Miser] [Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845491619","repostId":1132924221,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":29,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1132924221"}