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Musk talks about cashing out $6.9 billion in stocks: I have to pay more taxes

Share the QR code < / P > < p > with friends and circles of friends < / P > < p > < p > on November 15, Elon Musk, chief executive of Tesla, said on Saturday that he sold nearly $7 billion worth of Tesla shares that week, resulting in more taxes < p > previously, a commentator said on his personal social media twitter that if musk chooses to sell options instead of Tesla shares already held, musk will eventually have more holdings and cash in his hands < p > the commentator said, "if musk does not sell his existing stocks, but sells the stocks obtained by exercising the rights, he will not only own the same shares, but also obtain an additional more than $4 billion in cash." he added, "Musk may do this to pay more taxes and give the extra $4 billion to the government rather than himself." < / P > < p > musk responded: "careful observers may notice that the tax on the sale of my (low base) shares is significantly higher than the tax on the exercise of 10 billion (high base) stock options. Therefore, the current practice of selling shares maximizes the tax, not minimizes the tax." < / P > < p > musk previously said that he must exercise a large number of stock options this year, This will generate a huge tax. He may sell some shares to make money to pay taxes < p > a week ago, musk said on twitter that if fans support this move, he would sell 10% of Tesla shares < p > he said in his tweet: "recently, many people believe that unrealized earnings are a means of tax avoidance, so I propose to sell 10% of Tesla shares." most fans participating in the survey expressed support for Musk's stock selling < p > recently, Tesla has a market value of more than $1 trillion. As of last Friday, musk had sold $6.9 billion worth of Tesla shares. (Chen Chen) < / P > < p >


2023-03-22 10:04:46

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