jaster
2021-12-29

Elon says he is selling Tesla stock to pay taxes, but he has sold far more than is necessary to pay off his taxes. The fact that the founder/CEO (who presumably has unparalleled access to insider information) is doing so should be a huge warning to anyone not blinded by the Tesla hype.

Elon Musk Sells $1.02 Billion Worth of Tesla Shares

Elon Musk sold $1.02 billion of Tesla Inc. shares, according to a filing with the U.S. Securities &
Elon Musk Sells $1.02 Billion Worth of Tesla Shares

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  • CyrilDavy
    ·2021-12-30
    I got into TSLA at $52 in 2018 while a lot of people were bashing the stock and the company. Now TSLA is $1000+. Bash all you want. People see the future of this company and the great CEO
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  • MyrnaNorth
    ·2021-12-30
    I bet Elon Musk is currently nervously watching the stock market. Part of him struggle selling more shares. He really wants to.
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    • littlesweetie: 
      I thought Musk was done selling.. Looks like he wanted to sell the last bunch at a higher price. Borders on price manipulation?
      2021-12-30
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    • BorisBack: 
      Elon Musk did all of us longs a favor by giving us a heads up that he was going to sell around 10%. So we got acclimated to it and had an idea of how long it would take.
      2021-12-30
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  • KittyBruno
    ·2021-12-30
    There’s absolutely no chance I’ll risk a TSLA short sale. I’ve seen to many well executed short squeezes orchestrated by TSLA’s in house trading team. Elon has mastered the short squeeze nearly to the point of violating “insider trading laws.
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    • BaronLyly: 
      I agree. With EM’s new “deep pockets” TSLA’s in house trading team is operating with almost unlimited power to squeeze short sellers on an almost instantaneous basis. I.e. don’t shortTSLA
      2021-12-30
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  • ChristKitto
    ·2021-12-30
    The TSLA “faithful” have been led to believe that once Mr Musk’s selling has finished, SP will resume an upward trajectory.This mistaken belief is based on lack of knowledge about share price correction following a massive increase in shares outstanding.
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  • RonaldNixon
    ·2021-12-29
    Everyone needs cash. The richest man in the world needs it more. Musk's task is to change the living conditions of human beings. I support him because he is my idol.
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  • kiekie
    ·2021-12-29
    Don't worry. Tesla's share price will go up Tesla is a great company and has taken the global car industry to the EV era.
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  • CrystalRose
    ·2021-12-30
    I’ve said while ago, there are no Gas cars in my garage other than TSLA X, Y, n 3, altogether need only 1 Charger! Enjoy watching Many TSLA in the road these days.
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  • AfraSimon
    ·2021-12-30
    The rest of my life is now set thanks to Elon and Tesla. Hope everyone is having juicy gains. I’m still in shock. I don’t know what winning the lottery is like but this seems pretty close.
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  • EmilyMark
    ·2021-12-30
    Wake up he’s not selling for a tax bill, Elon is a spoiled baby he’s quitting bc he knows it’s game over the crowded EV sector will slow growth!
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