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Musk sells more Tesla shares and stock continues to fall

22 Comments

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I think the motivation for this is simply a narcissist that likes to see his name in the news and have people talk about him.

-2 ( +0 / -2 )

Good for him. He deserves every cent.

2 ( +3 / -1 )

I think it is smart. It is perfect time to sell Tesla. This is it for them. The german electric cars are lot cheaper and lot lot better.

2 ( +2 / -0 )

Can't stand this man and his ego!

-2 ( +0 / -2 )

I could see him entering politics after returning from Mars.

1 ( +1 / -0 )

Tesla has been a bit of a bubble stock so he’s selling at a reasonable time. And billions of dollars in taxes going to be paid… some will still have the nerve to say one man laying billions in taxes is it his “fair share” though!!

-1 ( +0 / -1 )

He sells now to drive stock prices down. Then when they bottom out he uses some of his profits to by his shares back and thus drive the prices back up. This is a roller coaster ride of his making to make more money. Like he needs more. There needs to be a cap on personal wealth around the world and 1 Billion USD would be more than enough.

The wealth of people like Musk is sickening.

-1 ( +0 / -1 )

$5.7billion in capital gains taxes paid on $20 billion stock sales. Had it been income the tax would be $7.5 billion. Estimated to be worth $300 billion.

Too much wealth and power for a single person.

-1 ( +0 / -1 )

Congrats to Musk for doing what he promised, for creating a company that produces an innovative product, for creating thousands of jobs which in turn results in income and taxes. And inspires others to do the same. Thankfully a capitalist society encourages this.

zichiToday  12:09 am JST

Too much wealth and power for a single person.

This is the reason we don't see as much innovation from a socialist society like the UK, which stifles individuals' creativity.

0 ( +1 / -1 )

RegBilk

This is the reason we don't see as much innovation from a socialist society like the UK, which stifles individuals' creativity.

shows how little you know about the UK.

0 ( +0 / -0 )

zichiToday  05:27 am JST

shows how little you know about the UK.

I just showed how no top 30 billionaire is from the UK, and the US has multiple more patents granted each year than the UK.

As a non-British citizen like me, do you know more? Please share!

0 ( +1 / -1 )

RegBilk

You also stated the top 18 richest people are Americans which is incorrect. 7 of the top 18 are not Americans, almost 50%.

You also stated

"This is the reason we don't see as much innovation from a socialist society like the UK, which stifles individuals' creativity."

which is also incorrect.

Being a billionaire does not show innovation, it shows people obsessed with wealth.

"I  just showed how no top 30 billionaire is from the UK"

Another of your incorrect opinions. 10 of the top 30 billionaires are not Americans. One is British.

"US has multiple more patents granted each year than the UK."

MIsleading opinion.

Yes, America files about 285,000 patents and the UK 55,000 but America is a bigger country. America pop 320 million. UK 65 million. Per capita, the UK files the same number of patents. Filing a patient does not mean much nor does it mean it will be produced.

The UK is not a socialist country.

The UK was the first industrialised country in the world. We started while America was still becoming a country. The UK is known for being a nation of creators and inventors. Your mobile phone right now is probably using a UK innovation-ARM. UK’s most innovative living inventor, James Dyson.

Without British computer scientist Sir Tim Berners-Lee you probably would not be posting on this forum.

You have much to learn.

-1 ( +0 / -1 )

New OMB-CEA Report: Billionaires Pay an Average Federal Individual Income Tax Rate of Just 8.2%

https://www.whitehouse.gov/omb/briefing-room/2021/09/23/new-omb-cea-report-billionaires-pay-an-average-federal-individual-income-tax-rate-of-just-8-2/

The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

-1 ( +0 / -1 )

You wouldn't be able to research your misinformation without Larry Page and Sergey Brin .

The US files twice as many patents per person as the UK.

Being a billionaire does not show innovation--these guys showed innovation and were rewarded with being billionaires: Elon Musk. Larry Page and Sergey Brin. Bill Gates, et al.

zichiToday  06:12 am JST

You also stated the top 18 richest people are Americans which is incorrect. 7 of the top 18 are not Americans, almost 50%.

8 out of top ten are Americans (80%). 19 out of 30 Americans. No one from the UK in top 30.

https://www.forbes.com/billionaires/

Who has much to learn?

0 ( +1 / -1 )

RegBilk

You wouldn't be able to research your misinformation without Larry Page and Sergey Brin .

Wrong. There are many search engines. Archie was first released in 1990. Yahoo is older than Google.

But I am not the one denying innovations by Americans. You were the one to deny UK innovations, which as I told you are incorrect. Swallow the bullet.

The US files twice as many patents per person as the UK.

How so? America: 320 million people 285,000 patents. 89 patents/100,000 people. UK: 65 million people 55,000 patents, 85 patents/100,000.

Being a billionaire does not show innovation--these guys showed innovation and were rewarded with being billionaires: Elon Musk. Larry Page and Sergey Brin. Bill Gates, et al.

Earning huge sums from the labours of others is not innovation. Amazon is not about innovation. Market consumption. Making Tesla cars that most working people can not afford is not innovation.

zichiToday  06:12 am JST

You also stated the top 18 richest people are Americans which is incorrect. 7 of the top 18 are not Americans, almost 50%.

8 out of top ten are Americans (80%). 19 out of 30 Americans. No one from the UK in top 30.

https://www.forbes.com/billionaires/

Who has much to learn?

You constantly move your goalposts. Out of the top billionaires, 10 are not Americans. Out of the top 18, 7 are not Americans.

0 ( +1 / -1 )

How much CO2 and other greenhouse gases are being generated by all the American billionaires and their quest for power and wealth? America is the second producer of CO2.

0 ( +1 / -1 )

zichiToday  06:53 am JST

Wrong. There are many search engines. Archie was first released in 1990. Yahoo is older than Google.

Wrong? Yahoo is also the result of an American.

How so? America: 320 million people 285,000 patents. 89 patents/100,000 people. UK: 65 million people 55,000 patents, 85 patents/100,000.

Wrong statistics.

You constantly move your goalposts. Out of the top billionaires, 10 are not Americans. Out of the top 18, 7 are not Americans.

How can you misread this? I even gave you the link!

0 ( +1 / -1 )

RegBilk

when you do not like the answer you just change your question.

0 ( +1 / -1 )

Musk is great--true American ingenuity. Great model of the American dream.

zichiToday  09:46 am JST

RegBilk

when you do not like the answer you just change your question.

???? You're responding to the wrong post, wrong article, maybe even the wrong publication.

I am not asking any questions.

Just presenting links with facts.

Hard to argue with reality it appears.

-1 ( +1 / -2 )

Musk is great--true American ingenuity. Great model of the American dream.

Born in South Africa, educated in Canada. Way to go America.

-1 ( +0 / -1 )

StrangerlandToday  10:23 am JST

Born in South Africa, educated in Canada. Way to go America.

He went to University of Pennsylvania-in the US..

Tesla is a US company,

Only in America!

What a great country--provides opportunity to foreigners, best education system in the world, and a culture that pushes people to exceed beyond every boundary.

No wonder so many foreigners, such as you, dream of being able to live the American Dream.

We need more Elon Musks.

0 ( +1 / -1 )

What a great country--provides (an) opportunity to foreigners, (the) best education system in the world, and a culture that pushes people to exceed beyond every boundary.

21% of American adults are illiterate or functionally illiterate.

less than 1% of Japanese and Brits are illiterate.

0 ( +0 / -0 )

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