Elon Musk to Dump 10% of Tesla (NASDAQ: TSLA)

Entrepreneur, engineer, and professional troll Elon Musk is at it again. He put out a tweet over the weekend asking if he should sell 10% of his Tesla stock so he could pay taxes, and he’s pledged to do whatever Twitter fools decide... Entrepreneur, engineer, and professional troll Elon Musk is at it again. He put out a tweet over the weekend asking if he should sell 10% of his Tesla stock so he could pay taxes, and he’s pledged to do whatever Twitter fools decide... [Energy and Capital logo] Elon Musk to Dump 10% of Tesla (NASDAQ: TSLA) [Christian DeHaemer Photo] By [Christian DeHaemer]( Written Nov 09, 2021 Entrepreneur, engineer, and professional troll Elon Musk is at it again. He put out a tweet over the weekend asking if he should sell 10% of his Tesla stock so he could pay taxes. He has pledged to do whatever Twitter fools decide. Here’s the tweet: [Elon Musk Tweet] In a later tweet, Elon agreed to abide by the results. Unrealized Gains People get taxed on all sorts of things. Income and capital gains are just the biggest hits. That said, rich people don’t pay income tax because they don’t take a salary for the most part. Furthermore, they don’t pay capital gains because they only sell stock when they have to. When your average billionaire needs pocket money, they borrow against their stock at low interest. This allows for impulse buys in the way of mansions, mega-yachts, and rocket ships. World’s First Trillionaire Could Come From THIS Bill Gates proclaims, “It’s the Holy Grail that anyone in computer science has been thinking about.”And Mark Cuban says, “The world’s first trillionaires are going to come from somebody who masters [this technology].” What’s got these billionaires so excited? And how could you claim a stake in this world-altering technology? [Check out the incredible details for yourself.]( Pay up, Musk As you can see from the tweet above, more than 57% of the 3.5 million Twitter followers who answered the poll voted for Musk to sell his shares and pay his taxes. He has 62.8 million Twitter followers in total. This is great public relations. What people will remember is that he thought about the good of this country and paid his fair share in taxes. Spin and Lies This is all foolishness, of course. CNBC is reporting that Musk would have to sell a chunk of his stock anyway due to a looming expiration date and a tax bill of $15 billion. According to CNBC: Musk was awarded options in 2012 as part of a compensation plan. Because he doesn’t take a salary or cash bonus, his wealth comes from stock awards and the gains in Tesla’s share price. The 2012 award was for 22.8 million shares at a strike price of $6.24 per share. Tesla shares closed at $1,222.09 on Friday, meaning his gain on the shares totals just under $28 billion. The company has also recently disclosed that Musk has taken out loans using his shares as collateral, and with the sales, Musk may want to repay some of those loan obligations. The upshot is that Musk has to sell by next August and take the tax hit. Furthermore, he might have noticed that TSLA’s share price is a tad elevated. Some might even say it is overdue for a sell-off. Being the savvy individual he is, this ploy gives him a way to look like a good guy while dumping some shares. It avoids the bad look of not paying taxes, and it keeps the stock propped up while he sells. After all, he isn’t selling because the stock is overvalued, the competition is picking up, and time is running out on his stock options... He's being a patriotic American and paying taxes because Twitter voted that way. And it gets better... World Economic Forum Predicts New Space Tech "Could Save Humanity" Right now, billionaires like Jeff Bezos, Richard Branson, and Elon Musk are all scrambling to stake their claim in this explosive new sector. And there’s one company at the center of it all, focused on using space technology to improve our lives here on Earth. It makes satellite launches quicker and easier, which could lead to launching more than 12,000 satellites into space. This would not only provide us with super-fast internet... But ultra-exact hurricane and glacier warnings, automatic SOS signals for aircrafts and ships, and breakthrough biotech experiments. And if you get in early, massive potential gains are on the table. [Learn more here.]( Lorde Edge In other news, Elon Musk changed his Twitter name to “Lorde Edge,” and almost immediately someone created a Lorde Edge crypto. The price went from a 24-hour low of $0.000002724 to $0.0000265, which was a six-hour gain of 360%, before selling off again. It's unlikely that Musk had anything to do with the flash-in-the-pan token, but judging by the misspellings, it was a scam group trying to make a quick buck from his tweets. A Safer Way to Buy Alt-Coins If you want to speculate in alternative cryptocurrencies, you should stick with the ones that are backed by people with a long history in the tech world. The cryptos should have a real reason for existing in that they solve a real problem and they should also be the dominant player in that niche. [I’ve found six of them that fit the bill.]( One coin I recommended is up over 180% in just a few weeks. It was founded by one of Ethereum's (ETH) co-founders and allows blockchains to easily share information with each other. As we know, cryptos are hot. The total crypto market cap just hit $3 trillion, up from $1.7 trillion just two months ago. Tokens are running yet again. If you want to speculate, [check out my presentation before you miss the boat](. All the best, [Christian DeHaemer Signature] Christian DeHaemer P.S. Today, we’re locking in roughly 850% off a single trade that only took 11 days to pay out! On October 28, 2021, my fellow editor Sean McCloskey outlined a bull case for up-and-coming semiconductor company Advanced Micro Devices Inc. (NASDAQ: AMD). Today’s action to take is as follows: Initiate a “sell to close” order on your position on the Advanced Micro Devices Inc. (NASDAQ: AMD) November 2021 $128 call(s) that will expire on November 26, 2021. By selling this morning, you should lock in roughly an 850% return on your initial investment. Congrats on another huge win! In an effort to make this service better, we would love to hear how you did. Just reply to this email and let us know. --------------------------------------------------------------- Elon Musk Is Bullish on “the People’s Crypto” Elon Musk, the world’s wealthiest man, recently announced he’s bullish on something called “the people’s crypto.” He’s simply not interested in the cryptocurrencies financial experts, Wall Street, and Silicon Valley companies are supporting. Musk would rather invest in the cryptos that his employees on the production lines at Tesla own, like Dogecoin. Now, it’s no secret that cryptocurrency allows regular people the chance to make millions and beyond. But when a billionaire like Elon Musk shows his support for the newer generation of cryptocurrency... You can expect those coins to absolutely explode in value. For instance, just 24 hours after his declaration, Dogecoin climbed 10%. But there are newer, much better coins out there that have the potential to mint fortunes. And I’ve found six new coins with enormous growth potential. But you need to act early to position yourself for this explosive, life-changing growth.[Learn the details here...]( Browse Our Archives [So You Want to Get Rich From Natural Gas — Let Me Show You How]( [Free Market Capitalism, Not the COP26 Climate Summit, Will Solve the Climate Crisis]( [Shipping Rates up Big]( [Once Bitcoin Is Cracked, It’s Worthless]( [Options Action Alert: “Be Fearful When Others Are Greedy”]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Energy and Capital, please add newsletter@energyandcapital.com to your address book or whitelist within your spam settings. 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