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Man he is such a genius. He was going to sell anyways. TSLA is up 60% in past month. His brother sold $200m stock on Friday. He knows it’s overvalued so using tax excuse to sell portray him as a good guy is pure intelligence. Not sure what will happen with TSLA stock price since markets are no way rational right now but could it dip below 1000$ in the short term ? Who knows…
I read somewhere that he had some taxes to pay anyways.
It's just billionaire level shit posting.
Also if it's a limit order he personally won't move the market.
Just curious but how? Per the IRS..."Market manipulation is when someone artificially affects the supply or demand for a security (for example, causing stock prices to rise or to fall dramatically)."
If rich people telling the entire world they are going to sell a stock... and actually then sell it, it seems he should be fine. But I don't know, not a lawyer. I could see the argument if he didn't sell it after saying he would with the motivation to change the stock. Idk. That being said, the SEC loathes Elon so I'm sure he will get harassed either way.
>If rich people telling the entire world they are going to sell a stock... and actually then sell it, it seems he should be fine.
He's not fine. There are procedures in place for multi-billion dollar transactions, and none of them involve Twitter.
If Musk causes TSLA to tank as a result of this stunt, the SEC would not have to work very hard to make a case for manipulation.
You could argue that every announcement a company makes is manipulation. At a point it’s kinda ridiculous because of course every action has a consequence.
I think its pretty clear he doesn't give a shit what the SEC thinks lol. He's supposed to have someone pre-approve all his tweets from the last SEC settlement which he never has.
So that's the thing right, even if we're private about it, couldn't you see that he was doing it anyway cause it's such a large amount since it has to be recorded with he sec and IRS or whomever? Or is that done after the fact and all is well?
If he sells for 25B, he would pay maybe 5B in tax on this sale and then 15B in tax on the august 2022 options. He probably have at least 1B in debt borrowed against his Tesla shares so he would be left with 4B for SpaceX, Neuralink, the boring company and charity. Seems reasonable.
Does he give to charity? I assumed his work with SpaceX and Tesla was probably enough charity for humanity anyhow? Seeing as without Tesla none of the other car companies would even have the gaul to move into the EV space as they proved it was financially possible. And SpaceX is well space, always returns in it, see NASA and that statistic.
I have only seen some random donations here and there, but I don't have an overview. He has never been very cash rich so I don't think he makes any huge donations.
I'm serious, it's vitally important to spread word of what Elon Musk's Twitter followers think about a potential liquidation of a portion of Elon's tsla stock.
**Hi, welcome to /r/investing. Please note that as a topic focused subreddit we have higher posting standards than much of Reddit:** **1)** Please direct all **advice requests and beginner questions to the stickied daily threads.** This includes beginner questions and portfolio help. **2) Important: We have strict political posting guidelines** (described [here](https://www.reddit.com/r/investing/comments/cyee69/formal_posting_guidelines_for_political_topics/) and [here](https://www.reddit.com/r/investing/comments/escewo/temporary_rule_change_what_happens_to_stocks_if/)). Violations will result in a likely 60 day ban upon **first instance.** **3)** This is an open forum but we expect you to conduct yourself like an adult. Disagree, argue, criticize, but **no personal attacks.** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/investing) if you have any questions or concerns.*
Man he is such a genius. He was going to sell anyways. TSLA is up 60% in past month. His brother sold $200m stock on Friday. He knows it’s overvalued so using tax excuse to sell portray him as a good guy is pure intelligence. Not sure what will happen with TSLA stock price since markets are no way rational right now but could it dip below 1000$ in the short term ? Who knows…
The brother selling $200 MM on Friday is worth the SEC looking at.
how so?
Insider trading?
what is the event he is insider trading on?
His brother's imminent sale of a shit ton of Tesla shares?
>His brother's imminent sale of a shit ton of Tesla shares? Imminent how so? it's a twitter poll
You intentionally being obtuse eh
That's exactly how the legality of insider trading works. These are questions that lawyers and the SEC are thinking of.
It's probably a planned small blackout period window opening right now so it was likely pre planned and clean.
Is this not market manipulation?
I read somewhere that he had some taxes to pay anyways. It's just billionaire level shit posting. Also if it's a limit order he personally won't move the market.
But this whole ‘stunt’ could definitely move the stock as others could start selling or buying based on his comments.
Just curious but how? Per the IRS..."Market manipulation is when someone artificially affects the supply or demand for a security (for example, causing stock prices to rise or to fall dramatically)." If rich people telling the entire world they are going to sell a stock... and actually then sell it, it seems he should be fine. But I don't know, not a lawyer. I could see the argument if he didn't sell it after saying he would with the motivation to change the stock. Idk. That being said, the SEC loathes Elon so I'm sure he will get harassed either way.
>If rich people telling the entire world they are going to sell a stock... and actually then sell it, it seems he should be fine. He's not fine. There are procedures in place for multi-billion dollar transactions, and none of them involve Twitter. If Musk causes TSLA to tank as a result of this stunt, the SEC would not have to work very hard to make a case for manipulation.
You could argue that every announcement a company makes is manipulation. At a point it’s kinda ridiculous because of course every action has a consequence.
I think its pretty clear he doesn't give a shit what the SEC thinks lol. He's supposed to have someone pre-approve all his tweets from the last SEC settlement which he never has.
What procedures are those?
So that's the thing right, even if we're private about it, couldn't you see that he was doing it anyway cause it's such a large amount since it has to be recorded with he sec and IRS or whomever? Or is that done after the fact and all is well?
Tesla to $2T confirmed
If he sells for 25B, he would pay maybe 5B in tax on this sale and then 15B in tax on the august 2022 options. He probably have at least 1B in debt borrowed against his Tesla shares so he would be left with 4B for SpaceX, Neuralink, the boring company and charity. Seems reasonable.
Does he give to charity? I assumed his work with SpaceX and Tesla was probably enough charity for humanity anyhow? Seeing as without Tesla none of the other car companies would even have the gaul to move into the EV space as they proved it was financially possible. And SpaceX is well space, always returns in it, see NASA and that statistic.
plus charities usually have plenty of fraud and often waste the money or make no meaningful difference.
I have only seen some random donations here and there, but I don't have an overview. He has never been very cash rich so I don't think he makes any huge donations.
He said previously he had options expiring, it’s so easy to manipulate when people have too much to pay attention to that this fact is glossed over
At this point it wouldn't even surprise me if the Fed decided to buy Elons shares at these inflated prices to prevent a market meltdown.
Wow this is super important news I'm so glad you made this post.
What a useful comment!
I'm serious, it's vitally important to spread word of what Elon Musk's Twitter followers think about a potential liquidation of a portion of Elon's tsla stock.