Tesla and Uber Unlikely to Survive (Vol. 2)

[Burwood]

Smiljan said:

Ok investment Gods, what's the play here and what are the consequences of a $20 billion stock dump?

Answers on a postcard......

Pretty obvious. He has billions in loans. He needs to start selling. He’ll dress it up as something else but at some point the riches guy needs to actually cash it in so he can and will diversify into other assets

He is also an indulgent infant for posting a tweet.

[Smiljan]

RobDickinson said:

It's nothing.

17m shares out of an average 50m traded a day.

As I said on another thread he has to sell to cover tax on his expiring options anyhow.

Is the correct answer. Shame our gloating Tesla stock millionaire couldn’t engage his brain before predicting a massive crash to $1k isn’t it. Almost like perhaps he is clueless.

Rob, however isn’t.

[TameBritishMuslim]

Smiljan said:

RobDickinson said:

It's nothing.

17m shares out of an average 50m traded a day.

As I said on another thread he has to sell to cover tax on his expiring options anyhow.

Is the correct answer. Shame our gloating Tesla stock millionaire couldn’t engage his brain before predicting a massive crash to $1k isn’t it. Almost like perhaps he is clueless.

Rob, however isn’t.

Why would I predict a crash? And why are you so salty?

[TameBritishMuslim]

RobDickinson said:

Smiljan said:

Ok investment Gods, what's the play here and what are the consequences of a $20 billion stock dump?

Answers on a postcard......

It's nothing.

17m shares out of an average 50m traded a day.

As I said on another thread he has to sell to cover tax on his expiring options anyhow.

I think that's in 2022 and is entirely separate but happy to be proven wrong.

[Burwood]

Smiljan said:

RobDickinson said:

It's nothing.

17m shares out of an average 50m traded a day.

As I said on another thread he has to sell to cover tax on his expiring options anyhow.

Is the correct answer. Shame our gloating Tesla stock millionaire couldn’t engage his brain before predicting a massive crash to $1k isn’t it. Almost like perhaps he is clueless.

Rob, however isn’t.

I’ve wondered, many times, when will he cash in. It’s ok if he wants too. Everyone else in his position does. He’ll be awarded another 200b worth pretty soon anyway.

[Burwood]

It might help if he gave a few billion to charity like most other mega billionaires. And to Rob. It’s not about daily volume, it’s about the message it sends. Elon knows, right. I think 10% is a lot. He says 10% but will settle for 3.lol. He thinks he’s fooling everyone. And he has never paid a dime in tax and gives fk all to good causes. So he should start

[Smiljan]

TameBritishMuslim said:

Why would I predict a crash? And why are you so salty?

You did just that a few posts ago, this is Pistonheads - being salty is normal. It’s only a car forum and a Tesla thread so don’t take it too seriously,

Personally I’ve no clue how the stock will fare on Monday as even Musk agrees it’s all completely nuts and unpredictable.

However on balance I’d take Robs thesis over your drop to $1k but WTFK?

I do know though it’s obscene that one person can sell $20 billion in stock, hand it over in tax and still have a personal wealth of over $300 billion, that’s probably one for a politics thread though.

[Tuna]

Burwood said:

It might help if he gave a few billion to charity like most other mega billionaires. And to Rob.

I read that as you thinking he should send a few billion to Rob. I know Rob has been a passionate supporter, but that would be going above and beyond.

[Burwood]

Smiljan said:

TameBritishMuslim said:

Why would I predict a crash? And why are you so salty?

You did just that a few posts ago, this is Pistonheads - being salty is normal. It’s only a car forum and a Tesla thread so don’t take it too seriously,

Personally I’ve no clue how the stock will fare on Monday as even Musk agrees it’s all completely nuts and unpredictable.

However on balance I’d take Robs thesis over your drop to $1k but WTFK?

I do know though it’s obscene that one person can sell $20 billion in stock, hand it over in tax and still have a personal wealth of over $300 billion, that’s probably one for a politics thread though.

Hand it over. Poor lad is left with 16b. Some countries, like Rob’s you’d pay no tax on it.

[Smiljan]

Tuna said:

Burwood said:

It might help if he gave a few billion to charity like most other mega billionaires. And to Rob.

I read that as you thinking he should send a few billion to Rob. I know Rob has been a passionate supporter, but that would be going above and beyond.

That would make a great Pistonheads thread though

[TameBritishMuslim]

Smiljan said:

TameBritishMuslim said:

Why would I predict a crash? And why are you so salty?

You did just that a few posts ago, this is Pistonheads - being salty is normal. It’s only a car forum and a Tesla thread so don’t take it too seriously,

Personally I’ve no clue how the stock will fare on Monday as even Musk agrees it’s all completely nuts and unpredictable.

However on balance I’d take Robs thesis over your drop to $1k but WTFK?

I do know though it’s obscene that one person can sell $20 billion in stock, hand it over in tax and still have a personal wealth of over $300 billion, that’s probably one for a politics thread though.

Oh, that's even if it drops. I wouldn't mind it dropping more - buy the dip

[RobDickinson]

If Elon is reading this I'm OK with a billion or two but that's it.

Burwood said:

Hand it over. Poor lad is left with 16b. Some countries, like Rob’s you’d pay no tax on it.

He'd have to pay here also, we have cgt on stock

[Burwood]

RobDickinson said:

If Elon is reading this I'm OK with a billion or two but that's it.

Burwood said:

Hand it over. Poor lad is left with 16b. Some countries, like Rob’s you’d pay no tax on it.

He'd have to pay here also, we have cgt on stock

No he wouldn’t mate. It’s my expertise and I learned my trade originally in NZ. It’s a tax haven

[Burwood]

Smiljan said:

Tuna said:

Burwood said:

It might help if he gave a few billion to charity like most other mega billionaires. And to Rob.

I read that as you thinking he should send a few billion to Rob. I know Rob has been a passionate supporter, but that would be going above and beyond.

That would make a great Pistonheads thread though

He deserves it. The most I’ve ever made on a stock is something I get obsessed with and really do DD. I salute that

[RobDickinson]

Burwood said:

No he wouldn’t mate. It’s my expertise and I learned my trade originally in NZ. It’s a tax haven

True its income tax in reality, the same tax Elon would be paying in USA (if not the same level)

Edited by RobDickinson on Saturday 6th November 22:43

[Tuna]

Smiljan said:

Tuna said:

Burwood said:

It might help if he gave a few billion to charity like most other mega billionaires. And to Rob.

I read that as you thinking he should send a few billion to Rob. I know Rob has been a passionate supporter, but that would be going above and beyond.

That would make a great Pistonheads thread though

For the record, I've always liked Rob. Lovely guy. I think of him as a brother.

I hope he remembers us when he's counting his billions.

[RobDickinson]

TameBritishMuslim said:

I think that's in 2022 and is entirely separate but happy to be proven wrong.

The options expire then.

He can take them any time up until then.

And when he does he'll need cash to cover tax, which may be better done this year than next?

[98elise]

Burwood said:

It might help if he gave a few billion to charity like most other mega billionaires. And to Rob. It’s not about daily volume, it’s about the message it sends. Elon knows, right. I think 10% is a lot. He says 10% but will settle for 3.lol. He thinks he’s fooling everyone. And he has never paid a dime in tax and gives fk all to good causes. So he should start

He's never paid any taxes? Do you have a source for that?

He hasn't paid any income tax for the past few years, because he hasn't taken any income. That's just how income tax works.

He's certainly paid a ton of taxes though.

[98elise]

Smiljan said:

TameBritishMuslim said:

Why would I predict a crash? And why are you so salty?

You did just that a few posts ago, this is Pistonheads - being salty is normal. It’s only a car forum and a Tesla thread so don’t take it too seriously,

Personally I’ve no clue how the stock will fare on Monday as even Musk agrees it’s all completely nuts and unpredictable.

However on balance I’d take Robs thesis over your drop to $1k but WTFK?

I do know though it’s obscene that one person can sell $20 billion in stock, hand it over in tax and still have a personal wealth of over $300 billion, that’s probably one for a politics thread though.

Why obscene? He's owns a large percentage of companies he's built, which translates to paper wealth. This thread is solely about when they fail, rendering his paper wealth in Tesla worthless.

[Burwood]

98elise said:

Burwood said:

It might help if he gave a few billion to charity like most other mega billionaires. And to Rob. It’s not about daily volume, it’s about the message it sends. Elon knows, right. I think 10% is a lot. He says 10% but will settle for 3.lol. He thinks he’s fooling everyone. And he has never paid a dime in tax and gives fk all to good causes. So he should start

He's never paid any taxes? Do you have a source for that?

He hasn't paid any income tax for the past few years, because he hasn't taken any income. That's just how income tax works.

He's certainly paid a ton of taxes though.

I don't follow the mans affairs but it's widely known he has paid nothing in the last 4-5 years. He takes out loans to fund his lifestyle. He's not breaking the law but he likes to take the piss out of many fellow billionaires who do give away vast sums. The tightest of them being Bezos. And yes giving billions to charity does make up for plenty of sins. On paper Musk is worth $300B not that he could ever actually monetise that. And he has given away absolutely zip.