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He has until end of the month to sell 5 million shares of TSLA stock
He is selling-but only to pay the tax liability associated with his stock options. He's adding shares to his ownership with every move. More info: https://www.barrons.com/articles/tes...er-51639105245 He's not a fool; he's exercising those options now before Biden and the Democrat Congress raises income tax rates, which could happen as soon as next year. Technically I don't think he needs to do so until next summer-the sale now is to beat the greed of the Biden administration.
he is exercising his option at $6.xx per share and sell them the same day to pay capital gain tax.he still have millions of shares to sell till dec 31 st.
it has nothing t o do with next year,it is for 2021 tax return.
Is he wearing a toupee now?
(Disclosure: Just bought some shares this morning)
My key question: How will the average Tesla customer make their car purchase decisions?
Strengths
- Despite the flaws, Teslas are generally perceived as "best in class" vehicles as evidenced by the pricing power. For example, someone will buy a Mach E or ID4 only if it's cheaper than a Model Y.
- Margins are very high. Each Tesla that rolls off the assembly line is highly profitable, which goes back to brand/pricing power.
- Newer non-Tesla EVs sound compelling but there are ramp up challenges, which means Tesla will own its market segments for a few more years. As an aside, I love how the Lucid Air looks so I hope they ramp up production.
- With the eminent opening of two gigafactories, Tesla's BEV manufacturing capacity will be unmatched for years.
Potential Weaknesses
- There's no guarantee the EV tax credit will pass, especially if inflation continues to run hot. To the average person who reserved a Tesla in anticipation of this, this may compel to cancel the reservation. Further, some of the recent price hikes seem to be in anticipation of the tax credit passing, which means Tesla may be forced to cut prices in the event this bill doesn't pass. This will cause a cascade of order cancellations which will compound the problem (for Tesla).
- As a Tesla faithful, I am getting a bit annoyed with the extended delays for Cybertruck/Semi/and especially the Roadster. The Roadster was unveiled nearly 5 years ago yet still hasn't entered production.
- While the Cybertruck order agreement gives Tesla the right to revise pricing, it would be a PR disaster if a $50k configuration is hiked to $60k before delivery to customer. The Cybertruck order agreement refers to the reservation price as an "estimate" but even this may paint Tesla in a corner as an estimate is presumably something that is a ballpark figure, in good faith. Input costs have risen since Tesla touted that ambitious pricing.
So is now the time to buy Tesla since it's down or what?
Yes it was. Even though I said I wasn't going to buy more, I bought 5 more shares at $987. Tesla below $1,000 was a gift. Below $900 like it was for a while was crazy IMO.
Ergo, it is hard to see how one could think there is fraud greater than Theranos / Nikola
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History is littered with fraud,Enron is a name to reckon with in US history,how about Maddox,cant spell his name right
Ergo, it is hard to see how one could think there is fraud greater than Theranos / Nikola
What's your forecast for the Elizabeth Holmes / Theranos trial?
Quote:
Ms. Holmes, 37, faces two counts of conspiracy to commit wire fraud and nine counts of wire fraud for allegedly lying about Theranos's technology to land money and fame. If convicted, she could serve up to 20 years in prison.
Personally, I predict a guilty on all counts. But, since it is Christmas, the jury might just take pity on her and convict on only one count of conspiracy and maybe 2 counts of wire fraud.
I suspect the judge will sentence her to probation and perhaps bar her from being an officer in a publicly traded company in the future.
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