-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Tesla to make "exciting announcement on Thursday" (correction Tuesday)
- Thread starter jvonbokel
- Start date
-
- Tags
- Tesla Inc.
Easy cowboy. Nobody is dispensing tax advice here. We're all just speculating. Whether Elon would owe tax or not on this hypothetical transaction is between him and his accountant.
The important aspect in regards to this thread is actually just whether or not he will put money into Tesla via an option exercise. Clearly by your last sentence, you don't think that's the case, and that's fine, but we can surely agree to disagree. IANAL, but I don't see why the SEC (or whoever) would care if all he's doing is buying stock. If they implied he would be buying, then made a sale after the price went up, then sure, I think they'd be upset (rightfully so), but what we're talking about here (again, only hypothetically) is a transaction whose price is unrelated to the current market price of the stock.
P.S. If I've read too much into your tone/comment, and gotten unnecessarily defensive, I apologize. I do appreciate your insight into the different types of options, and how they do/don't relate to AMT and/or other tax rules.
ElectricVehicle
Member
WSJ / MarketWatch Article on Elon's "Really exciting" Tweet.
Wall Street Journal / MarketWatch tesla-stock-jumps-after-elon-musk-tweets-big-plans/
Care to restore balance to comments like these?
Wall Street Journal / MarketWatch tesla-stock-jumps-after-elon-musk-tweets-big-plans/
Care to restore balance to comments like these?
Zzzz...
Member
PureAmps
Model S P85 (#2817)
Beavis, I don't recall claiming I was a tax expert. jvonbokel asked a question about how one could exercise options and still have a tax liability and I gave an explanation and example. Since the question was around buy and hold, I gave an ISO example. My only mistake was using Elon's numbers as the example, since I certainly don't know his personal finances, and you are correct his options are most likely NQSOs.
Regardless, I still stand by my theory, as the type of option and tax liability are not relevant. He has a very large option grant that is fully vested or will be very soon (after 10k vehicles are produced). Exercising those options is a straight-forward way for him to put a large amount of money into the company, without a secondary offering, etc.
Producing 10k cars ahead of schedule is significant and worthy of an announcement. Adding $45M to Tesla Motor's cash reserves via an option exercise is significant (a 25% increase in cash) and certainly worthy of an announcement as well.
Last edited:
Beavis
Model S Signature 991
I wasn't being serious with that first sentence. I was trying to point out the confusing complexity and was clumsy with it. Anyway, the SEC wouldn't like him tweeting about something like that. So my vote is that he is paying off his bet and contributing the $ to the charity of his choice, as someone else guessed.
sp4rk
Banned
Zzzz...
Member
Ohh, Ok. Excuse my English, ESL here
- - - Updated - - -
This is reserve batteries for small businesses distributed by SolarCity. For each they sell they fill out applications for government grants, that is how it is known that they sell those. Let me find a link.
- - - Updated - - -
Remember this link from a year ago, they probably sold many many hundreds, if not thousands units
http://gigaom.com/2012/04/17/tesla-solarcity-quietly-selling-building-battery-projects/
hans
P631
Given 52 weeks in a year, it's safer to assume 13 weeks in a quarter ;-) However your point is even more true. 3100 in 2012 + 5200 in Q1 = 8300 cars produced.
PureAmps
Model S P85 (#2817)
Thanks for catching my rather obvious error. :redface: I knew I shouldn't have been doing MS excel right before bed time...
I modified an existing sheet that had some of this data in it. Turns out weeknum(3/31/13) is 14, because it is the start of week 14.
Clprenz
Member
Knowing Elon's past tweets, he described the model x as not being blah... If that says something! Very much exciting is a BIG DEAL. Also without a peep from Tesla I'm now assuming this is not a cooperate thing, this is some big personal investment, he is very much excited about gen3 perhaps he has funded a rogue part of Teslas engineers and has designed it with franz and funded the secret program.... Ok this is getting out of hand, but my point is that this is not superchargers or anything anticipated. This a personallyElon tesla related fund. Maybe an ad campaign- seems not very exciting,
Then again my opinion is worth nothing
Then again my opinion is worth nothing
Norbert
TSLA will win
Thanks for catching my rather obvious error. :redface: I knew I shouldn't have been doing MS excel right before bed time...
I modified an existing sheet that had some of this data in it. Turns out weeknum(3/31/13) is 14, because it is the start of week 14.
Also, the first week in January was a week off for the factory. The per-quarter goal, mentioned in the last conference call, was 4,500.
If they produced 12 * 400, this would be 4,800, still more than 4,500.
If not only the delivery rate, but also the production rate increased to 500, 3 weeks ago, it would be 8 * 400 + 4 * 500 = 5,200.
(Elon recently tweeted "Yep" in response to a question whether Tesla is *producing* 500/week, but not 100% sure whether he was paying attention to the exact wording.)
Last edited:
Not sure what the rules are relative to self-dealing in the corporate world, but here is what seems obvious to me. His "mouth" has been used on many occasions to tout the national Supercharger network. And that same "mouth" has tried to justify the infrastructure as being cost neutral due to it's solar panel contributions to the grid. My general sense is that there has been a cynical reaction to both of these ideas. But what if Elon personally, along with Solar City corporately, underwrote some grouping of Superchargers on a for-profit basis. A joint venture with Tesla licensing the technology. Perhaps even creating a blueprint for future joint ventures with others. Would seem to be a lot of winners and no losers. Well maybe Exxon.
rlpm
S P85 | Sig X _P90D_
According to this post, VIN P08900 is coming up soon. Not sure how close to sequentially VINs come off the line, but I'd bet VIN P09000 will be produced by end of quarter. Whether they'll be delivered (or direct-shipped on trucks) by Easter Sunday is another good question. I'd easily take the under on Elon getting his options vested by April 15th.
Pity. I was hoping it was suppositories made by Apple.
We know that Elon has commented that he doesn't want to die in an impact crater on Mars but if he's serious about living out his last years there, he probably doesn't want to die from hypothermia either. If he's going to colonise other planets with more than just a few habitat capsules then a new energy source is vital. Long term colonisation can't happen with solar panels or batteries.
Plus, Fusion would be kinda handy down here too.
Last edited:
Raffy.Roma
Rome (Italy)
Actually, I believe the plan is to terraform and the process of changing the atmosphere would raise the temperature.
You can just use solar panels and batteries. After all, it's been estimated that just by putting solar panels on all residential roofs it'd meet 2/3 of USA electricity demand and that current demand includes a lot of inefficiency. Now consider that a colony would be starting from scratch and that means you'd be able to use best practice and you'd dramatically cut energy demand.
Plus, Mars has much lower gravity which would make getting around a lot easier.
Last edited:
Citizen-T
Active Member
Anyone know how much money he has? I mean, in liquid funds? I imagine it isn't a lot considering the salary he makes at his companies. I wonder what the number is, $50 million? $100 million? That would help us figure out how much he is likely to risk on whatever this announcement is. And it could possibly eliminate some of these theories (he certainly isn't privately funding Gen III on $5 million).
Similar threads
