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Elon Musk and his strategy of getting more tesla shares after selling 10% of them
Apparently his act of kindness had another side, where it would bring more benefits to the richest man in the world
The news that Elon Musk spent weeks listing shares in the electric car company where he is CEO did not go unnoticed by either the media or the internet.
In addition to these decisions, they were also publicly posted on his social Twitter account. Where he is always placing funny positions although generating economic or opinion disasters.
Cryptocurrencies, some politicians and public figures know very well.
His last relevant act was the one mentioned above, but no one expected what happened just a couple of days ago. Do you want to miss it? We know not, that's why you should stay to discover it in this article that we have prepared for you.
The safeguard to not pay taxes
We know that in the United States you have to pay many more things, in addition to the company itself. And the actions are a subject that generate certain uncertainty for each company leader. And apparently Elon Musk doesn't escape that feeling either.
Many think that his reaction to this fact was somewhat silly and others mention that he is a total genius. At least the last option seems to make more sense, since it is where it is for a reason.
But why is it told in this way?
It happens that if a company in the United States increases its value highly, the company's leaders can sell or keep the shares they had from the beginning. Many bet to keep them.
Because the majority being CEO, which is precisely the case with Musk — they are not offered a salary as such, but the shares are increasing in consideration for the individual.
And this causes that the person does not have the need to pay taxes. For the high sum of the shares in their entirety.
The law establishes this way, but also the government has proposed ideas so that billionaires are not saved from what other inhabitants of the United States have to spend with terrible taxes.
Of course, this has not yet been placed as a current law. Therefore, they have not changed these holes in the laws that are a very easy escape for many people who wish not to have these types of tax responsibilities, even having "money left over."
This is where the mogul of space travel, electric cars and technology has come. Musk's "ace up his sleeve" was to sell the expired shares that would cause him to pay taxes on them.
It was not only an act of kindness, it is also one of intelligence and liveliness. That with such a haughty personality it did not seem like a game in bad taste.
Despite being a public figure who is humorous and not very serious, the reality is that he is still a billionaire. And obviously what it shows is not everything.
The total price of shares sold
Approximate 10.1 million dollars in value of shares of the electric car company, was the total sum of the value of shares sold by Elon Musk, after the commented respondent shared by himself on his Twitter account.
Although the number is large in itself, it is not really the 10% of the shares that you had in your possession since you started selling about 4 weeks ago.
Nearly 7 million shares have yet to be loaned to the market, as the value of a Tesla share rises to more than $1,000 today.
This prompts us to ask: Is Elon Musk waiting to get the job done or will he leave it there?
So far he has not given any opinion or at least some indication of what he will really do in the short term.
But before, we had also doubted whether he was going to bet on the side on which users and their followers responded in the survey. But he did.
This can say that if you are able to sell the USD $7 million worth of shares required to complete 10%.
Do you think it is a good business strategy or a scam?
The buying tactic that Elon Musk has used
In the last few days he not only sold the total amount mentioned in the previous title, he also gained 564,000 more shares than he already owned.
Which does not enter our heads as it did to put fairy dust in our eyes.
In addition to not only buying the shares this blatantly, but the cost of the shares is almost a gift to the billionaire.
The price at which you buy them is nothing more and nothing less than USD $6.24 per share. For this reason the large number obtained in these few days.
This amount, according to media such as CNN and stock analysts, is worth less than 1% of the real price of each Tesla share.
Musk teases us again with another occurrence that, more than a joke about cryptocurrencies, is an act of chess in the finances of a company that in the last year has massively increased its value.
So we expect an exact score of what was promised and that the taking of good actions if they are for something really gratifying for the world.
