Venus_M
2021-11-08

$Tesla Motors(TSLA)$Will this news cause a crash in its price? 🤔

(Bloomberg) -- Elon Musk’s social media followers have spoken: The Tesla Inc. chief should sell 10% of his stake in the electric-car maker

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  • Wayneqq
    2021-11-08
    Wayneqq
    He is asking for a poll only right? Will Tesla fans will go in and vote enough No to make sure he dun sell? [Sly]
    • Wayneqq回复Venus_M
      Not sure if the tax on unrealised gain is enacted or not though.. if yes and the share price stays high… he get taxed more[Sly]
    • Venus_M回复Wayneqq
      if the share price stays high, he actually benefits (in paper only) [笑哭]
      so the only way is he must sell.  otherwise he will have to face legal action i guess
    • Wayneqq回复Venus_M
      Yeah.. https://www.cnbc.com/amp/2021/11/07/elon-musk-faces-a-15-billion-tax-bill-which-is-likely-the-real-reason-hes-selling-stock.html
    • Wayneqq回复Venus_M
      Is a good strategy.. his options are expiring.. he has no choice but to sell.. so to reduce his taxes.. he want the share price to drop.. so he pay less tax..
    • Venus_M回复yinghao94
      cos he needs the money to pay taxes.  as his fans they support him on his decision i guess
  • Frosty4ever
    2021-11-08
    Frosty4ever
    probably. question is by how much
  • 土豆灰灰
    2021-11-12
    土豆灰灰
    打个预防针 比做了才说好
    • Venus_M
      他有很多支持者 (followers), 要是他做了才说, 会有什么样的后果? 🤔  我觉得他已经做了决定, 只是以这样的方式让大家支持他
  • Venus_M
    2021-11-08
    Venus_M
    actually this is all so common.  usually for a share price to rise a lot within a short period of time,  likelihood of them selling their shares are high.   this has happened to so many companies..
    • Venus_M
      but one thing lucky for Tesla share holders is that Tesla long term will be upp. this will only be short term volitility. many others once down will take a long time to go back up. eg. Palantir
  • Venus_M
    2021-11-08
    Venus_M
    usually for such news,  within market open will see a huge gap down 😓  got to pray it doesn't happen..
  • Venus_M
    2021-11-08
    Venus_M
    because of the tax on unrealised gains. it affected the decision of him wanting to sell off his shares otherwise he has nothing to pay taxes
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