Tesla’s trillion dollar valuation is fast approaching

Forget about Rivian, too expensive. Buy the real thing, TSLA.

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As for his investments, he’s mostly focused on clean-tech companies. However, he admitted that he sold some Tesla shares last year, missing out on the 2021 rally.

“I had to buy a house,” Patel said. “But the housing market in Austin is great, so no regrets there.”

paper hands

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Elon Musk Sells $1.55 Billion of Tesla Stock To Meet Taxes

Musk on Monday exercised the options at a price of $6.24 per contract, according to a regulatory filing Wednesday. He subsequently sold 934,000 shares to collect a combined $1.55 billion.

It’s the billionaire’s first sale since 2016, when he last exercised stock options and liquidated some of his newly acquired shares to cover about $590 million of income taxes.

https://www.bloomberg.com/news/articles/2021-11-10/elon-musk-sells-tesla-stock-after-twitter-vote-to-meet-taxes?srnd=premium

Did not know Elon is 50 already.

:older_man:

He should be in politics. Can easily manipulate his cult followers.

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The bureaucracy will kill him.

More selling in the offing!

Tesla Inc. Chief Executive Officer Elon Musk unloaded $5 billion of stock in the electric car-maker, shortly after holding a poll on Twitter over whether he should sell 10% of his massive stake in the company.

The world’s richest person so far has disposed of more than 4.5 million shares this week, according to regulatory filings Wednesday – his first sales in more than five years.

https://www.bloomberg.com/news/articles/2021-11-10/elon-musk-sells-tesla-stock-after-twitter-vote-to-meet-taxes?srnd=premium

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This is already outdated:

Rivian up another 22% today. Its market cap is now 120.5B.

Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General Motors to become the nation’s second most valuable automaker.

Worth $120.5B

Tesla has amassed a market value of more than $1 trillion. So far this year it has sold around 627,300 vehicles.

Worth $1T. TSLA is dirt cheap :grinning: Buy :money_mouth_face:

Amazon owns 20% of Rivian. It’s Bezos’ proxy war against Elon.

Rivian already has 100K van order from Amazon. Remember how much Tesla stock went up with the Hertz deal?

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Gonna be another good year for California’s tax collections. :laughing:

Toyota is still doubling down on hybrid. Good news to American car manufacturers. We will reign supreme again.

Toyota NGMI.

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Musk Throws Fresh Shade at Rivian a Day After Rival’s Big IPO

https://www.bloomberg.com/news/articles/2021-11-11/musk-throws-fresh-shade-at-rivian-a-day-after-rival-s-big-ipo?srnd=premium

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Geez