Hey this is tom and grandpa, and i had a little bit of rough night as you can hear from my voice, i mean that man is not a ride in the head and i love him to death. Now, let's talk about what just happened: elon musk officially confirms he's done, selling his 10 tesla stake. As you remember a while ago, he went on twitter. He suggested that he sells 10 of his stock.

People voted yes and he carried out 10 of his stake in tesla. That was the goal he set back in november with that famous twitter poll. To be honest, he actually filed the 10b5-1 before that twitter poll, so this was a little bit of a manipulative move, but i guess whatever works for elon works for me. No problem so check this out according to a 4s filing that was filed yesterday and a lot of you think that 4s is some sort of an adult movie.

No, it's actual filing tesla filed it yesterday and this 4s filing officially states that the option plan that elon was granted in 2012 has now officially been fully exercised as of december 28th. It's done no more sales. Now that is pretty much a done deal right now. You might hear some people saying well elon light before, which is untrue by the way he's going to lie again, untrue, scc, filing completely confirms the stock selling is done, and that was the bottom line.

As you know, it always comes first in my videos if you want to hear my analysis about what just happened and, more importantly, what's coming next for the tesla stock stick around, because this is about to get interesting now, as always, don't click, nothing, don't smash. Nothing! Don't buy nothing, i got nothing to sell, just listen. So what ended up happening is that elon actually sold a little bit less than we originally anticipated. He had 170 million shares when he started the sale and he said he'll sell 10.

He ended up selling 16 out of the 17 million, which was just shy: a million of the anticipated amount, but that's okay. Ironically enough, he actually increased his holdings in tesla for 170 to 177 million shares because he exercised a lot of options and by the way those options were exercised at six dollars per share. Yes, six dollars per share. That is, ladies and gentlemen.

What happens when you bet on yourself in 2012, taking tesla options instead of salary completely going all in betting on yourself made no sense, and now this is living proof you better yourself and you go crazy. You become the richest person in the world. Well done! I ain't giving a about him getting rich of these options. He deserves this 10 years in the making, no salary working his ass off good for him and the reason we know this is because, as an insider in the company, those sales are subject to the 10b5 rule, meaning he has to file in advance, letting everybody know How much exactly he's going to sell and when? In order for him not to be able to front-run anybody, it's also another way to prove that you had no insider selling or insider buying.

And since his 2012 option plan was for 22.8 million shares. Let's just call it 23.: he has to pay a tax bill of 11 billion dollars. Now, a lot of you here may say: well tom. He just sold 16 million shares at this price.

This is about like 16 billion dollars. It means that he got five billion dollars more than his initial tax bill. So what gives didn't he say? He's just selling for tax. Well, you have to understand.

First of all, 11 out of the 16 will go for tax. What about the other five? Well, he has to pay tax on those five as well, so after tax he's going to be at about 2.5 billion dollars, so him exercising all this gazillions of dollars ended up with him getting 2.5 billion dollars in cash and honestly, that's not a whole lot. For somebody who's, the richest guy in the world, you want to have some play money. That's okay, i'm sure he wants to repay some loans, buy some toys whatever i couldn't care less and the real question.

You should be asking yourself well tom. What does this mean for the stock price check this out, so this dude just sold 16 billion dollars worth of tesla stock in a single month in the usual company in any company. This would crash the stock price. However, since this is tesla, this only meant about four percent of share price loss.

Four percent - these guys really love their tesla stock. So what's going to happen next well, the trading closed at 10, 88. 1088. At the end of the trading day yesterday, i expect to see a rally today now pretty much the balls and chains are off.

The stock is going to run. Everybody was waiting for him to be done, selling to start buying tesla again, i'm sure this is going to be a stampede now i do want to address potential haters and bears and basically low iq people who think that a elon is lying b. The company is overvalued c. They have trouble in china.

Everything is a scam. Okay, bud, no problem, don't buy the stock. I personally think one thing. I think the tesla is an iq test.

Every single mother lover that bet against tesla says 2013. All the way to 2021 is now working at mcdonald's, keep betting against tesla. Let's see what happens, see you tomorrow.