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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
I am very confused now about if the credit will apply to the current year:
No, the new proposed credit will not apply to vehicles purchased before it is enacted. (Or whatever start date is put into it.)
Weakness when we had incredible demand for labor with not nearly enough available or even being developed to not as much demand doesnt mean the labor shortage goes away. If the open positions drops from 11 million to 8 million doesnt mean positions arent available. We may see a small uptick in unemployment, not much. We have been heading in this direction for years.
The Accountant
Active Member
Why This is Bullish IMO
In exercising these stock options, Kimball paid $1.8m to Tesla for the 25,000 shares and will pay the IRS and Colorado about $7.8m in taxes.
These options would have expired in June 2025; so why did Kimbal exercise them now and lay out the combined $9.6m in cash?
When you exercise stock options in the US, you pay at the ordinary income tax rate on the gain between the fair value and strike price.
This tax rate for Kimbal is about 41.5% (Federal and State).
Once exercised, if Kimbal holds the stock for more than a year, he would pay long term capital gains (about 28.3% Fed & State for Kimbal) on the gains above the $824 fair value today.
So the gain up to the $824 share price is at 41.5%
The gain above $824 share price is at 28.3% (if held a year or more)
So why did Kimbal exercise yesterday and not wait until June 2025? He believes share price appreciation is coming soon and wants to lock in the 28% tax rate for the gain on the stock above $824/share . . .and remember, Kimbal is a Board Member and has access to more information than we do.
I'm not concerned about this.
It would take much more than a $7.5k discount to make me buy a hydrogen car such as Toyota Mirai. Hideous, slow, dangerous, inconvenient and expensive to fuel, no thanks. If you gave me the car, I would immediately sell it (if possible) and buy a BEV.
Is the situation different for hydrogen semis? I doubt it. Trucking companies don't care about looks or acceleration, but they do care about fueling costs and availability and the occasional explosions at hydrogen stations. Batteries and renewable energy are getting cheaper; fossil fuel extraction and "brown hydrogen" ain't.
Yes, Manchin bows to his fossil fuel campaign-donors, but they are delusional if they think this token incentive will help them. The Green Tidal Wave is coming for them all.
Thanks for the clarification. As long as it’s passed soon and applies from when it’s signed that shouldn’t cause to much disruption to Tesla’s operations in the US.
So what you're saying is the Board knows the split was approved.
insaneoctane
Well-Known Member
With the 850 wall, we're likely to be capped short of our deserved beta, again.
I mean what is our deserved Beta... 1.5, 2.... 600? I lean towards 600.
bkp_duke
Well-Known Member
So what you're saying is the Board knows the split was approved.
We all know auto is on the vertical for the S-curve. I would bet the Board see's Energy about to go vertical in the next 18 months as well.
Bullish!
Same here. I dont need to work, but my wife isnt ready to retire so I take project for companies and people I like. Want to treat me like crap I have no interest. I can keep my skills up coding interesting thing and teaching kids. Suspect there are a lot of us.
SunCatcher
Member
I received a refund back in June for $61.51. My records show it was from Tesla over charging for registration at the time of purchase of our Model Y in late 2021.
Well said...it used to be Elon giving us easter eggs on his tweets, now its KImbal!
$TSLA to the
!
damonbrodie
Member
If you look at the options volume chart in addition to the Open Interest, I'd say the target is 829 for end of trading Friday.
I got a price but that was in autumn 2021. Delivery still says late 2022. But no big deal, the family thinks we should stick with our 2016 Model X longer
That happens frequently. Tesla do audit reviews of many types of purchases, but cars are, I suspect, the biggest refund category. That happens when the initial purchase tax and registration fees are estimated by Tesla but the actual cost is lower. All three of my Tesla purchases had that happen. There are places where there are not unknowns on initial purchase, so that does not happen. Less commonly, I suspect, that happens with non-vehicular purchases for Tesla. I have had a couple of those.
The odd part is that it usually happens some time after the transaction took place and there's minimal explanation with the checks.
I just deposit them. Thus far I've figured out they are normally sales tax calculations. Tesla does all this centrally so often, it seems, do not really know the actual tax in any given transaction
My largest check was the result of a trade in. In my jurisdiction new car tax is on the net price, so a trade in price is deducted from new car sales tax. My smallest was a tax refund for an adapter.
"I" don't need to work either....but my wife definitely does for our benefits
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