Elon Musk says he’s ‘sold enough’ Tesla stock to satisfy his 10% goal. This is huge.
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Well, this is crazy. Elon musk just dropped a massive bombshell and i swear to god. This is not clickbait. This is huge.
The man just said he's done selling for the foreseeable future, and that has massive implications on the tesla stock. If you have any interest in buying or selling, you probably want to watch this video, because i'm about to tell you exactly what's going to happen next, as i predicted to the t what happened in the past month. So when elon posted this twitter poll, basically saying i'm considering selling 10 of my tesla stock, people were pretty much cool about it. They basically said well go right ahead, elon and he did now.
He stated various reasons for doing so. It doesn't really matter, but i immediately made number of videos saying: hey: i'm not buying tesla stock right now. It's just illogical. I mean i'm going to buy at the bottom, because, as long as it keeps selling the price is going to be pushing down.
It's kind of natural. Now, if elon wasn't such a great marketer, we would have gotten a better price, but because he played it correctly, it only dropped to 900, only 19, only only 19. In the past month, and now we know where the bottom is. We know he just finished selling.
That means it's go time and already in the pre-market, you can see four percent up yesterday. It was another four percent up, so people understand what's happening, they're playing it correctly, as i predicted 2dt now, what's interesting about it, he actually quit early. That's the interesting part. He said he's going to sell 10 and people who were trying to time the 10.
Exactly didn't get exactly what they wanted now yesterday already i started buying, i didn't know he was done. I kind of had a hunch, but what he said basically he's stopping at 80 of his initial intention to sell about the uh. How much we're looking at here 13 and a half million shares, which is right on the 80 mark, so he's almost there, but not quite and he's basically quitting now. What's even more interesting is what he admitted when he did his interview yesterday and he basically said well, i didn't sell the entire amount because of tax concerns only about 8 out of the 13 and a half million shares i sold are specifically designated to pay taxes.
The risk is not tax driven. It's just me taking money taking cash, that's fine! I had a higher calculation in my brain, but i did think he's going to sell the full 100, not 80 of the entire designation. So that's something that he actually admitted to and you have to appreciate his transparency and actually saying hey. I also took some money.
That's fine legitimate. The man has been added for a few years. The other thing he said was quite interesting is that he wasn't really tax driven. I mean basically when he said that he admitted that he needed to sell anyways, because the options were expiring.
Exactly like i said in my video, he had options that were expiring. He had no choice but to sell in order to pay taxes. It wasn't about unrealized capital gains concerns like he stated in the tweet, which was just brilliant marketing and him admitting to it right now and being open and transparent about. It is only something that elon can do. Most people would be embarrassed to share something like this, but he basically said got him coach and he's. You know, he's the most open and transparent guy in the industry, and you know the audience loves this. That's why he played this to perfection. I don't know any ceo that would sell 10 of his holdings of his company and the share price would not crash the man literally sold 13 and a half million shares and the share price only only dropped 19.
During the past month, where every single tech stock took a massive bidding, unless it's apple of course now check this out, he did also confirm he will pay 11 billion dollars in tax this year, which basically pulls the rug on their whole argument. That elon is not paying taxes, so you know r.i.p those arguments and you can buy all the facebook ads you want. It doesn't really matter the facts or the facts. What's more interesting is now.
I think it's the go time now that we've seen the four percent yesterday four percent in pre-market day, people are starting to realize this is the opportunity to start buying tesla stock and i think i'm gon na do the same thing again. This is not financial advice. This is just a guy in the internet might be inaccurate might be completely wrong. You have to do research, you know find that for yourself, but for me this is the signal to start buying.
Now, even if you don't like tesla, if you think elon is a douche, if you think tesla is a bad company, let me just tell you something simple: here's some simple numbers to tell you why tesla is such a great company to invest in right now it Doesn't have a demand problem, they can sell as much cars as they want. They have a hard-line demand which pretty much primes them perfectly for inflation and price increases. But that's not the point of this video. I made a whole video explaining that i'm going to put this as an end screen at the end of this video, but the thing is check this out this year, they'll make about a million cars, maybe a little bit under.
I don't know it doesn't really matter. Now, giga, berlin and giga texas is another two million vehicles in capacity which they can put out so next year, they're gon na go from one million cars to three million cars, essentially tripling the revenue in a single year in the economy and in an environment where They can sell all three million vehicles easily. What do you think is going to happen to the share price? As i said a year ago when the stock price was 400, this is a 1500 stock and even at 1 000, it's still 50 upside for me no-brainer for you. Let's see what happens.
There's a link right here for a video i mentioned about white tesla such a great play for inflation. You might want to check it out. Also right here, you can subscribe to the video and to the channel. I don't know how can you subscribe to? Can you subscribe to the video comment below if you can, i don't know, but you know for christmas, why don't you subscribe right here? See you tomorrow,. .
@Tom Nash: I think that your production numbers from TX and Berlin are a bit optimistic. They will be ramping up production there over the year and so even if it’s 3M production capacity at the end of ‘22 they are not likely to hit 3M cars out the door. That being said production will ramp up substantially, initial margins in the new factories will be a bit lower and then improve beyond Nevada and maybe China. (The new factories are probably more efficient but the costs for materials and labour are higher outside of China). My prediction is that each quarter people will continue to be surprised at the production and profit growth and this will drive the price higher.
They won’t sell 3M cars next year. Probably more like 1.5M. Both Texas and Berlin will take a while to ramp up to their eventual capacities.
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Can I avoid wash sale by first buying the total lost shares again, then selling the same amount of shares? With FIFO, I could take the loss now.
The big question in the back of my mind though is do you think when the Fed comes out between January and April about the state of the economy, will Tesla revisit the prices we saw the past few weeks?
Misinformation, he's only done selling for 2021. Please verify before affirming
I didn't manage to sell at the highest high or buy back at the lowest low but I was close enough. I sold all my tesla shares and bought them back lower and gained a further 10% of Tesla shares. I'm happy
Since i only have 2k playmoney i my portfolio. Its 2.5 now thanks Tom!
Wouldnt Get the news without you
He pays 13 billion in taxes does that mean he has 8 to 10,000,000,000 in cash from the sales?
Lol this Tesla bubble is going to burst sooner or later. These prices levels are only kept up artificially due to high short interest and heavy options trading by institutions. I would neither buy it or sell it short however at these levels I’d get some long term puts maybe 2-3 years way out of the money. And watch this Pos crash. Funny thing is when it does and it will crash 70-80% people will look back and ask themselves what in the world were they smoking. Market never changes because human nature never changes.
Tom, I totally agree and I honestly think barring a huge market crash that could be the last time investors get a chance to buy into Tesla at less than $1,000 per share. When you say Tesla will be at a capacity of 3 million from 1 million cars next year. I know that will be the theoretical capacity but it will take some time to ramp production to those numbers. I think next year they will likely produce 1.5 – 1.6 million cars which will still be outstanding for the share price.
First shorts got rekt, now the longs will get rekt. This is a classic bull trap at the end of a cycle. Elon knows how to play the game… .
How is he done selling when he still has options to exercise and pay taxes on? It makes sense to me to exercise and sell all his options this year when the tax implications are known. If he waits till next year he takes the risk of paying even more in taxes in case there is changes in the tax laws. I could see Congress passing some punitive tax legislation on billionaires next year to gain brownie points for the election.
Not done selling yet, which I dont mind just gives us an opportunity to buy more shares before the next take off.
That’s not what he said Tom….he still has 4-5 sales left, lasting til the middle of January. He still has options to exercise, he will this year and will take the tax on 2022.
Just my take. I still brought stock and leaps….so I am happy either way!
Time to make another video because he just said he still has the 10bs
Every time I buy Tesla it drops 10%. I'm getting cold feet on Tesla.
Im so mad its looks like its super obvious buy at these heights.. especialy since he crushed the australians iron grid battery that could of been 1000$ a house and solve everything… and now he s a better options then a 1 trillions $ contact to manufacture printed solar at super low cist and ressource and waste
All mindless bandwagon cheerleaders.
Like school children.
Just following the herd.
Ever see little kids on the soccer field?
All gathered in a mob. No one thinking for themselves. SMH!!
Dammn I was thinking buying some yesterday but I thought his not done selling yet arghh whoever bought yesterday congrats 🎉
Tom, he’s not done. A lot of people missed his point. He still have some more to go.
@ Tom… what do you think of ticker WRLD… It looks to be over priced but it has been going up. It has had a slight pull back. What are your thoughts on it?
i had seen a story where Elon was considering donating 6 billion $ to the UN organization to stop world hunger… i think that would be a nice idea rather than just all to the US government who can just print up any extra cash that they ever need to or just add expenses to their growing national debt count that has beeen a meaningless # of worry for decades on end.
Good “not advise”. The problem here is that there is no more cash available for Tsla stock 😬
One Cheerleader after another.
Absolutely nothing can go wrong according to these comments.
No caution whatsoever.
This is gonna be interesting.
What about saying I'm not selling anymore stock is "Brilliant"
Elon goes to the can and it's " Brilliant" SMH!
⬆️wow I don't still believe this, I just make $15,400 through the number pointed by the 🔝arrow, then I was able to buy my own car and I'm happily married with my kids