Dave Lee’s new video gives a great description of the innate advantages of FSD v12 by framing it as general driving intelligence versus the previous narrow driving intelligence and the relevance for edge cases.
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And where would be the fun in that?
The most likely outcome is the most entertaining one...
I won't thumbs down your post, because that feels personal. But I will say that I don't like having my dreams smashed by reality .I agree: that's hoping for a long-shot. Let's use numbers and formula from @mongo $23.33 Excercise Price, Taxes (is it still 53% of the capital gains, or did you revise that estimate), and 304M shares.
So, it costs Elon $7.1B in cash to Tesla to excercise the stock options. Then let's assume the SP goes down substantially due to selling shares required to pay taxs: If the avg SP is $123, he has to sell about $15B in shares to pay the income taxes. If the avg SP on exercise is $300, then his taxes owed rise to about $44B. So you see he rapidly uses up external cash.
If you think Elon could get ~$22B from a X.com IPO then that'd be just enough to cover his taxes for the 2018 plan @ $123/sh. But then Tesla still owes their addtional payroll taxes (which I don't know how to estimate) @mongo
But would he? That's not a good swap from where I sit. The only one getting paid are the Gummit (Elon just gets paper, and loses some X -- I don't think he goes for that).
<--- thought there would be some discussion about the meeting tomorrow in this thread.
Wonder if our good buddy Russ Mitchell was affected:
Los Angeles Times slashes more than 20% of newsroom staff as the paper confronts a ‘financial crisis’
The Los Angeles Times on Tuesday, facing what senior leadership described this week as a “financial crisis,” commenced a round of painful layoffs across the newsroom, a workforce reduction that is set to be one of the most severe in the newspaper’s 142-year history.finance.yahoo.com
Interesting. But screw Russ. This is way bigger. We keep talking about how the automotive industry is going to go through hell in the coming years. The media industry is going to move in parallel to automotive.
They left out El Gordo and GLJ research? No way!! Oh wait...they aren't a real firm.
Interesting. But screw Russ. This is way bigger.
I hope Tesla in no way provides any oxygen to this rumor, we don’t need a test of whether the osbourne effect has any impact on an automotive company.