Really? A ~2% of the whole company will tank the stock? What if he’s selling OTC, not on the market, as someone really really needs to buy and hodl?
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Really? A ~2% of the whole company will tank the stock? What if he’s selling OTC, not on the market, as someone really really needs to buy and hodl?
I didn't need to. Selling the 180/300 spreads would be more than enough to cover that.
anthonyj
Stonks
How is the market going to handle $24b in selling plus all of the panic selling and put gamma nonsense?
CLK350
Member
"When conditions change, adapt" - Sun Tze - similarly, Jesse Livermore
JRP3
Hyperactive Member
Since he'll still have shares, most of them, he's still "in". It never prevented him from selling some shares when needed.
woodisgood
Optimustic Pessimist
Indeed, fasten your seat belts, turbulence incoming. Prepare to load up if you can; some of the other thread will rejoice
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Elon loves the other thread more than this thread? snifffffff
He didn’t say he would dump monday morning at the start of the trading. I expect him to sell over a longer period, like 1 year. But what do I know?
Monday will not be pleasant.Indeed, fasten your seat belts, turbulence incoming. Prepare to load up if you can; some of the other thread will rejoice
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woodisgood
Optimustic Pessimist
If we learned anything at all from “stock is too high,” it’s an opportunity.
Okay, well Monday will be interesting lol! Time to remove my fidelity and market watch apps? I say, perhaps 
I think this is a cleaver move on his part. When the discussion of him selling shares to pay taxes, that worked out to around 1% of all Tesla shares (which Gary Black said wouldn't be a big deal). This is 2%, so instead of him "having" to do it, it looks like a generous, magnanimous offer. This comes right on the heals of the 6 billion to solve world hunger.
I think he's doing tax planning right now...
I think he's doing tax planning right now...
Indeed, fasten your seat belts, turbulence incoming. Prepare to load up if you can; some of the other thread will rejoice
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TLSA going on sale. Can't say if it's a little or a lot.
I voted no, but regardless, this is what makes him so different from any other CEO. Others may say that money is secondary to doing the right thing, but only Elon shows it in his actions time and time again in the most substantial ways. He's the one I trust the most by a country mile.
anthonyj
Stonks
I think we’ll see -20% and a climb up to near green
woodisgood
Optimustic Pessimist
Okay, well Monday will be interesting lol! Time to remove my fidelity and market watch apps? I say, perhaps
Weren’t you planning on buying? Not only that, you could get commemorative Elon shares if he actually starts selling immediately.
I already bought what I needed on Friday but yes I’ll pick up a couple more for fun on the road down south. Lol
The CEO cannot sell his stock on Monday. He has to file in order to sell 6 months from filing per insider trading regulations. Elon will most likely not dump 20B at the same time but stagger the approach to the point that you may not even notice(I mean ARKK make pretty big sells all the time without you noticing). I am hoping that he clearly communicates this before causing some kind of panic when Monday comes.
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The Elon poll is brilliant .
Look how much the media runs with any report of high level Tesla exec/ board members exercising options or planned sales. This makes it all transparent, up front, and "the will of the people". I don't see any way Elon could sell stock with less fictional narrative being attached. He is controlling the story. On a weekend. Out of the news cycle.
Plus, that 10% probably excludes the 2018 CEO awards which are not exercused and are much more than 10%. Current Elon holdings: 227 million shares, full CEO award: ~100 million shares.
Look how much the media runs with any report of high level Tesla exec/ board members exercising options or planned sales. This makes it all transparent, up front, and "the will of the people". I don't see any way Elon could sell stock with less fictional narrative being attached. He is controlling the story. On a weekend. Out of the news cycle.
Plus, that 10% probably excludes the 2018 CEO awards which are not exercused and are much more than 10%. Current Elon holdings: 227 million shares, full CEO award: ~100 million shares.
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