Elon Musk DUMPING Tesla Stock | Buying THIS Instead

everyone me kevin here you are not going

to believe this but the musks are

dumping tesla shares i kid you not

first of all elon musk just tweeted and

this is not even

there's already been a sale worth over a

hundred million dollars and i'm kind of

speechless because it came the day

before this tweet okay little sus but

anyway let's look into this okay i i

support the mosque i support elon but

still take a look at this folks okay

elon musk just went to his twitter

warriors

he knows he gets trolled on twitter all

the time and said much has been made

lately of unrealized gains being a means

of tax avoidance so i propose selling 10

of my tesla stocks so let's unpackage

that for a moment

if you invest into google at a thousand

dollars and it goes up in price to ten

thousand dollars you have gains of nine

thousand dollars you did really well but

that nine thousand dollars is wealth

that you have that has not been taxed

a lot of talk especially from

progressives obviously on the left has

been made about how it's not fair that

individuals can make the vast majority

of their money who invest from

unrealized gains and never be forced to

pay taxes this is giving rise to

arguments that we should have a

billionaire tax which would basically

force

billionaires to pay taxes on unrealized

gains that difference of that nine

thousand dollars that could apply to

real estate that could apply to stocks

to to any sort of asset potentially even

crypto where individuals would then be

forced to sell

to cover their tax payment because if

you sell that ten thousand dollars of

google stock now uh let's say you bought

one at one thousand dollars and now it's

worth ten thousand dollars you sell that

ten thousand dollars you're going to

have to pay taxes on the gains the

difference at nine thousand dollars you

probably pay taxes at a long run long

run rate capital gains tax plus whatever

your state taxes are which could be

anywhere between

15 to 25 for capital gains taxes unless

you make virtually no money then it

could be next to zero but for most

people would be between 15 and 25

percent plus state taxes so in

california it could be anywhere between

a total of 24 to say 35 in taxes that

you'll be paying or even slightly more

like 37 38

but anyway all this aside the point is

progressives on the left and uh many

many many

liberal leftists on twitter have been

arguing that it's unfair that

billionaires have this much wealth and

they should pay their fair share and

they should be forced to pay taxes on

unrealized gains because they're

basically making money in a way that the

tax system cannot tax them so elon musk

is going out of his way now to say hey

i'll propose selling 10 of my tesla

stake which is somewhere around 25 to 28

billion dollars that is 10 okay he he

owns somewhere around 23 of tesla it's a

trillion dollar company so

somewhere around 20 to 25 billion

dollars depending on what price elon

actually liquidates at uh would would be

uh you know a substantial amount of

selling pressure on tesla stock

in fact while it represents about

2.3 percent of tesla's market cap

so you'd think okay maybe tesla stock

would only go down by about 2.3 percent

that amount of selling pressure

would probably lead the stock to fall

substantially more

look volume wise we've had a lot of

volume lately which is good probably

somewhere an average of 15 to 20 million

shares of volume which is good uh here

let's let's do the usual here alexa 20

million

times 1200

twenty million times twelve hundred

dollars right

twenty four billion okay so an entire

day

of volume would essentially be matched

with selling pressure from elon musk so

in other words if you have equilibrium

of a stock with 20 million shares of

traded volume in a day

and all of a sudden you match that

equilibrium with pure selling pressure

if elon musk tries to dump these shares

all in one day which i don't even think

is

quite frankly possible

tesla stock could literally tank

like 10 20

i mean this is like this would be an

insane amount of selling pressure

and in addition to being an insane

amount of selling pressure

you're doing it for like essentially no

reason there's no law that says you have

to do it you're doing it to appease

people on the left who are going to go

well you should have liquidated 20

you should have liquidated 30

and on top of that you told your brother

i'm assuming i'm speculating okay i

don't want to accuse any potential

insider trading or any any of that stuff

here i'm just saying

you apparently told your brother or your

brother somehow suspected this because

take a look at this

literally

friday and this report comes out at like

5 p.m on friday so it's too late to

trade off of it on friday which sucks

but anyway here you go look at this musk

kimball aka his brother

on november 5th which is yesterday

liquidated over 108 million dollars of

tesla stock for himself and gifted 25

000 to charity now that's awesome 25 000

to charity i mean that's like 30

something million that's amazing okay

that's that's great

but still you took out 108 million

dollars for yourself the day before elon

musk runs a twitter poll look the musks

are not stupid what do you think the

twitter people are gonna say of course

they're gonna vote yes on the darn thing

of course they're gonna vote that elon

musk

should

should dump those shares and pay taxes

to pay his fair share but elon already

knew this see this is why he says do you

support this yes or no i will abide by

the results of the poll whichever way it

goes fine whatever obviously

he's now going to sell these shares over

time uh and uh he says he's going to

abide by it he he knows that the twitter

community is going to force him out he

already knew that so now the question is

and this is why you should follow me on

twitter now the question is what's he

going to put it into my speculation is

elon musk

we know that elon musk thinks okay let

me separate this we know fact that elon

musk thinks inflation is going to be a

problem in the near term because he

responded to kathy wood and jack dorsey

debate about inflation and said i don't

know about the long term but i know

short term prices are going up so we

know he's probably not going to keep his

money in cash we also know he's been

dumping his real estate so he's not

going to buy real estate he's probably

not going to buy the stock back

he's going to buy something else he's

going to diversify and he already

suggested that the stock was overvalued

when he said i hope the stock isn't

running because the hurts deal because

the hurts deal isn't signed yet so

this is just like elon musk saying stock

too high

so now he's liquidating 10 which he knew

he was going to get called out on this

he basically is like i want to sell 10

of my tesla stock hey how can we brand

this in a way that the twitter universe

will be slightly happier i don't think

he's doing this out of the goodness of

the twitter universe and to appease

leftist he bailed out of california come

on he's not trying to appease leftists

okay

he's doing this because his brother just

sold probably because he realized the

brother realized that elon was going to

sell and now elon's looking for the

easiest way

to get permission from the community to

sell look at the geniusness of this

if elon musk sold last week 10 of his

shares people will be like what the f

elon how dare you sell how dare you sell

out on us what the f we're here diamond

hand and you sell out on us he's

freaking genius folks he's absolutely

genius hey i think it's too high hey i

want to sell but if i say that and do

that i'd be a criminal and i'd be

villainized on social media

hi twitter how about i sell 10 of my

tesla shares to pay taxes and you know

what i'll do whatever y'all want what do

you think they're gonna want oh yeah

sell it's playing right into his

playbook great he sells he pays his

taxes now what can he do with it well i

think bitcoin's going to 110 so i'm

going to double my money and get my

money right back uh so i know he hasn't

said it's going to 110 i'm just saying

because stock to flow models we see that

right uh so i'll just shift my money and

move it on over to bitcoin

this is in my opinion and i don't i mean

who knows maybe it'll go into some alts

as well in my opinion this is extremely

bullish for for crypto not bullish at

all for tesla like this is this is bad

for tesla

uh this this could be a negative 20 day

on tesla next week uh it'll get bought

up people will buy the dip we drop below

a thousand again people are gonna go

nuts they're gonna buy the dip but uh

thank you elon for ending the run now uh

keep in mind last time elon musk said

stock too high i bought the dip like

crazy the stock went from like 750 to

like 680 pre-split and i'm like this is

so stupid it's falling on elon musk

saying it's too high bye bye bye bye bye

those stocks are obviously worth like

10x now what i paid for them those

shares but

very interesting to pay attention to and

these share sales folks these sales the

day before this tweet by elon

come on guys at least be a little more

like distinct about it this is freaking

blatant

whatever

whatever

it's the genius elon but i read i'm

reading it like a book

maybe i'm reading the wrong book but i

think i'm reading it like a book

let me know what you think in the

comments down below thanks so much

goodbye

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you