Elon Musk exercised all his calls for 1.6 million shares that would have expired, then sold 934,090 of those shares.
You realize he has more stock now than he did before, right? He has increased his position by nearly 666k shares.
Post by v12 » Mon Jan 03, 2022 10:40 pm
Yez, I know
Post by v12 » Mon Jan 03, 2022 10:45 pm
You should be old enough to know how the stock-market boomed before 19 Oct 1987, and later in 2002/2008. How did the indexes go up. Compare with what you see now.logos wrote: ↑Mon Jan 03, 2022 5:51 pmYeah, right
Premarket+6%
I'm aware you're an investment guru but I think I'll hold on a wee bit more to the stock I bought in 2019
Post by v12 » Mon Jan 03, 2022 10:47 pm
Yes, very depressing.Depressing Deja Vu wrote: ↑Mon Jan 03, 2022 1:50 pmWhen I check 440 each morning, click on Active Topics and see v12 as the last poster on four or five threads, my heart sinks the same way it did several years ago when that same position was held by Vladimir.
Post by Alexandra » Mon Jan 03, 2022 11:01 pm
The seller of the options contracts, probably one or more hedge funds. Why does it matter? There is nothing nefarious about buying options.
Post by v12 » Mon Jan 03, 2022 11:28 pm
He didn't buy the options, he got these as a "salary" package from Tesla, provided he would be able to hype the car/company that much, that the share price would go through the roof. He managed to do that.Alexandra wrote: ↑Mon Jan 03, 2022 11:01 pmThe seller of the options contracts, probably one or more hedge funds. Why does it matter? There is nothing nefarious about buying options.
You said that he had decreased his position and that others should do the same, but that’s not true. Nobody has handed him anything, Elon bought options contracts and chose to exercise those before expiry to increase his position.
Post by Alexandra » Mon Jan 03, 2022 11:50 pm
No idea who bought the options, but that’s not necessarily the same institution that sold them. In this case I guess it is, one insider sold another some calls? But it’s just formalities really.v12 wrote: ↑Mon Jan 03, 2022 11:28 pmSo, I think, it was Tesla who paid for the stocks, which were either already in the closet (reserved for him) or were purchased on the stock market at current or some history price. I am curious, I did not see any announcements of this happening, let me know .....
Post by v12 » Tue Jan 04, 2022 9:28 am
He is not "buying" the shares. He did have options, which were going to expire somewhere in August.
Post by ផោមក្លិនស្អុយ » Tue Jan 04, 2022 9:31 am
Post by v12 » Tue Jan 04, 2022 9:45 am
The smelly ones, like you ? Hmmm, not my party.ផោមក្លិនស្អុយ wrote: ↑Tue Jan 04, 2022 9:31 am@v12 was offered the chance of a dinner party and he could invite absolutely anyone - both current and historical figures, dead or alive.
He chose Elon Musk and Donald Trump -both dead.
Post by logos » Tue Jan 04, 2022 4:31 pm
Full article hereMusk deserves every one of those multiple billions. Although the numbers sound mammoth, his big take is being paid out of what he created. In fact, it’s such a small sliver of the mountain of value he’s built that it’s costing his shareholders relatively little in dilution. That’s how a great comp plan is supposed to work.