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He sold billions last year without the excuse of buying Twitter.
by f0xJtpvHYTVQ88B 4y ago
He sold billions last year without the excuse of buying Twitter.
- dragontamer 4y agoHe needs an excuse to get people buying his stock, to support the stock price as he sells. Back then it was a Twitter poll to sell shares IIRC. Musk makes a big deal out of everything to lead his followers around
- sidibe 4y agoThat was to pay his taxes supposedly, so he still had an excuse. People might worry if he's just diversifying for its own sake
- f0xJtpvHYTVQ88B 4y agoIf he didn't sell the stocks then he wouldn't have to pay any tax on unrealized gains. According to him, he sold the stocks so they he would pay taxes in response to criticism of not paying his "fair share" in taxes.
- dragontamer 4y agoWrong. Musk's stock options became fully vested and matured. That forced a tax event on him last year.
- jquery 4y agoIf this is true, he’s absolutely a pathological liar.
- outworlder 4y agoYeah. He lied. Again.
- cronix 4y agoYeah, he had to pay an 11 BILLION dollar tax bill to California and the IRS, for stock options issued in 2012. It was reported as the largest federal tax bill in history. https://www.forbes.com/sites/elizahaverstock/2021/12/15/elon-musk-is-likely-paying-more-than-8-billion-in-taxes-this-year/?sh=238da3c74db3 https://www.forbes.com/sites/elizahaverstock/2021/12/15/elon...