ST Alpha - "And that’ll tank the markets…you can’t drop tens of millions of shares without harming the stock price" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 153

In response to "Same. Might have to make them "realized" in order to pay the tax when they were unrealized? This is an ultrarich problem but " by zunk xometimes

And that’ll tank the markets…you can’t drop tens of millions of shares without harming the stock price

Posted by Will Hunting (aka JoeMetz) Mar 28 '22, 09:48

Elon Musk is sitting on let’s say 200bil in Tesla stock.

Average price is 1000 a share and 25mil trade daily. That’s basically 25bil in value moving daily.

Musk has sell off enough stock to cover 40bil in taxes…or basically sell 1.5days worth of volume …. How you think that’s going to happen without the computers dropping the value. Even piecemeal, that’s an anchor to the stock price.

Responses:

You can avoid that by only considering year-over-year changes in unrealized gains. -- nm - znufrii Mar 28, 09:52 2
- So Musk owes 30bil instead of 40. - Will Hunting Mar 28, 09:54 1
  - As long as I get $99,999,999 of it, I'm good. -- nm - Todd Manning Mar 28, 10:01

Post a message top

And that’ll tank the markets…you can’t drop tens of millions of shares without harming the stock price

Replies are disabled on threads older than 7 days.