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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
thesmokingman
Active Member
Give it to them in your will, that way they pay on the step up and not the original cost basis. Hopefully this loop hole isn't killed anytime soon but I think it's on the chopping block.
You can gift more than 16k, but if you do it counts towards the lifetime limit of 11million and you need to report it to the IRS. This does not mean your kid will get taxed on the amount above 16k.
insaneoctane
Well-Known Member
Do you think 15 shares (likely to increase due to future splits) isn't enough to send someone to college in 2040?
But their long term capital gains rate could be 0% if their income is low enough.
Pezpunk
Active Member
my kids are 10 and 14. They are both very nearly millionaires in their own right thanks to UTMA accounts i set up many years ago, seeded with Tesla (and other) stock. Neither of them are aware of these accounts yet. I'm legally obligated to hand the accounts over to them when they turn 18 of course, and I'm honestly fearful that doing so could end up doing more harm than good overall in their lives. Everyone wants to provide for their children, but is handing a teenager millions of dollars really good parenting? I suppose I'm going to find out.
Tes La Ferrari
Active Member
Tesla Model 3 Became the #1 EV in Spain in Q1, Surpassing its Own Sales for All of 2021
Tesla Model 3 became the best-selling EV in Spain in Q1 2022. Sales of the model in the first three months of the year exceeded its own sales in the whole of 2021, indicating a significant increase in demand.
www.tesmanian.com
TL: DR: SPAIN NUMBERS: "Tesla Model 3 became the best-selling EV in Spain in Q1 2022. Sales of the model in the first three months of the year exceeded its own sales in the whole of 2021, indicating a significant increase in demand.Tesla registered an impressive 1,133 Model 3s in Q1 2022, up 124 from all of last year, according to EU-EVs data. We can only guess about the upcoming successes of Model 3 in 2022, but the love of the Spaniards for it becomes obvious."
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Tes La Ferrari
Active Member
Tesla Model 3 Leads the EV Market in France, Spearheading the EV Revolution in Q1
The electric car market in France experienced a significant upsurge, surpassing sales of gasoline cars for the first time. The Tesla Model 3 leads the EV market in France, spearheading the EV revolution.
www.tesmanian.com
TL: DR: FRANCE NUMBERS: "The electric car market in France experienced a significant upsurge, surpassing sales of gasoline cars for the first time. Tesla Model 3 leads the EV market in France, spearheading the EV revolution.
Sales of new EVs in France in Q1 2022 surpassed gasoline vehicles for the first time in history, marking an important milestone
The undisputed leader among EVs is Tesla Model 3, which registered 6,636 vehicles. "
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wow, the wave actually got worse :/
probably related to supply chain issues, never seen anything like this in Norway.
Second month of the quarter always had at least *some* deliveries.
GoJo was actually really helping me out yesterday. Met him at a local restaurant in the bathroom. He was extra mild to me, and I didn't even need to push him!
Buckminster
Well-Known Member
Wash your mouth out - GoJo is a banned word around here.
That is an excellent question. I have a 1 year old son and have already given some thought to this future problem. What happens when you give your child a large sum of money when they're really still quite young at 18?
My parents had a savings account for the kids and gave it to us when we turned 18. They said we could do with it as we pleased, but should at least consider saving it or spending it on something worthile. It was like $2500. I put most of it aside and ended up buying stock and leveraged products. I messed around with all of kinds of trading strategies back then and learned a lot of valuable lessons, but could've easily lost the entire amount. I got lucky enough to end up with about zero loss after a couple of years. My brothers and sister pissed it away almost immediately, and they're not irresponsible people.
What your kids are going to do depends largely on the way they are, I guess. I'm expecting my kid to be stupid with what we give him, but hopefully learn a lot in the process, enough to not make the same mistakes again, like I did. Because I too am worried what the effect will be of giving my kid a large sum of money, I've decided (and convinced my wife) to keep it low enough that we'll helping him get started, but not pay for his life and possibly mess up the way he looks at money.
Anyway, make sure to post back here in about 4 and 8 years to let us know what happened, that'll leave me some time to make some changes
SageBrush
REJECT Fascism
The short answer is that GM's battery production is being diverted to their Bolt recall. I think they have somewhere in the range of 125k more to go.
Such a pretty pic from Giga Berlin:
From Tobias Lindh:
From Tobias Lindh:
Recent history says they may blow the money, but also become President.
jeewee3000
Active Member
Just checked TMC to see if numbers were leaked (since Tesla IR shows no P&D report yet for me), and this comment was enough to make me see they were not. Thanks
2daMoon
Mostly Harmless
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2daMoon
Mostly Harmless
That is an excellent question. I have a 1 year old son and have already given some thought to this future problem. What happens when you give your child a large sum of money when they're really still quite young at 18?
My parents had a savings account for the kids and gave it to us when we turned 18. They said we could do with it as we pleased, but should at least consider saving it or spending it on something worthile. It was like $2500. I put most of it aside and ended up buying stock and leveraged products. I messed around with all of kinds of trading strategies back then and learned a lot of valuable lessons, but could've easily lost the entire amount. I got lucky enough to end up with about zero loss after a couple of years. My brothers and sister pissed it away almost immediately, and they're not irresponsible people.
What your kids are going to do depends largely on the way they are, I guess. I'm expecting my kid to be stupid with what we give him, but hopefully learn a lot in the process, enough to not make the same mistakes again, like I did. Because I too am worried what the effect will be of giving my kid a large sum of money, I've decided (and convinced my wife) to keep it low enough that we'll helping him get started, but not pay for his life and possibly mess up the way he looks at money.
Anyway, make sure to post back here in about 4 and 8 years to let us know what happened, that'll leave me some time to make some changes
I've heard of schemes where a trust initially doles it out in proportion to their earnings 1:1, 2:1 or something like that to promote their not taking it for granted. Then, when they reach some designated age (30?) give access to any remaining amount.
I proclaim April 2 to be henceforth known as Motley Fool's day. They actually named Tesla as one of their top ten picks in the article. Usually they want to bait folks into paying for that pleasure.
www.fool.com
Will Tesla's Stock Split Trigger Another 80% Run-Up? | The Motley Fool
The market conditions are different from 2020, but Tesla's business has significantly improved.
www.fool.com
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