i.e. he's just being an attention whore about it, par for the course.
i.e. he's just being an attention whore about it, par for the course.
This was always the plan and had been planned out months in advance. He isn't going to dump it at one time but stagger it over the course of a quarter or two. His options for stock that he received in 2012 have ten year expiration date and expire in August of 2022. The options were at some $6.24 a share and while he owns about 190 million shares of Tesla, he has used about 92 million of those shares as collateral to take out loans to fund his lifestyle. So he is going to have to pay off those loans at some point especially with the options expiring in the next nine months.
This is similar to him moving Tesla HQ to Texas...it had been in the works for quite some time but he used the whole quarrel with public officials this past year to make it known publicly.
What if K Car but electric
https://twitter.com/slate_akita/stat...QqPnpMWGg&s=19
Honestly, no notes
this is the past I've always wished was the future
this is the car that revives the noir genre
Columbo on the outside, 1980s neo-Tokyo cyberpunk revivalism on the inside
I read that Musk will make 5 billion off the shares. (before taxes I'm sure) He might as well have made a poll asking, "Hey guys. Do you want me to get richer?"
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.Prior to the sale, Musk owned a stake of about 23% in Tesla, including stock options. After his exercise on 2.15 million stocks on Monday, he has options for 20 million more shares he needs to exercise by next August.
"We expect the share sales will continue, as Musk holds millions of options worth billions of dollars that would otherwise expire worthless, and he has also prearranged share sales under 10b5-1 plans," said Jason Benowitz, senior portfolio manager at the Roosevelt Investment Group LLC in New York.
Taxes?
Okay buddies.
Well he's selling these stocks because he needs to pay some taxes for once
Sanders: You should pay more taxes
Elon: LOL You're old.
https://twitter.com/ICannot_Enough/s...91715003801606
Just slobbering on that Elon dick like he's gonna toss you a few bucks
https://electrek.co/2021/11/19/tesla...-connect-cars/Tesla suffers worldwide app server outage, owners can’t connect to their cars
How very Elon of them.
Shoulda bought puts at close.
Short outage, and everything still worked 100% when you were within Bluetooth range of the car. Clickbait sells tho.
https://twitter.com/Gizmodo/status/1476597966009880581
The EV maker was forced to recall 356,309 Model 3 sedans and 119,009 Model S vehicles this week over potentially dangerous functionality issues with the vehicles’ rearview camera and the front hood according to two National Highway Traffic Safety Administration alerts. Combined, those 475,318 impacted vehicles are about equivalent to Tesla’s total number of vehicles delivered to customers last year, Bloomberg notes.
The NHTSA says the rearview camera harness on Model 3 vehicles may receive damage when users open and close the trunk, which could ultimately prevent drivers from being able to access their rearview camera image. The Model S issue meanwhile involved a misaligned latch in the front trunk that the NHTSA says could prevent it from engaging. The camera issue affects vehicles made between 2017-2020 while the front trunk issue affects those made between 2014-2021.