Just had a conversation with @bradsferguson on how @elonmusk will likely be paying ~$10 billion in taxes (at a 54% tax rate) in coming months due to $TSLA stock options expiring next year. youtu.be/SeGmihoAKNs
@RedMetalGiraffe As soon as Musk exercises, he owes the tax. The cost basis of new shares gets set to the market price at time of exercise. The cost basis is very high. These are the ones to sell for cash The 170M shares that Elon owns already have low basis.
@MediaRedyns @RedMetalGiraffe No Elon would not use FIFO, Elon’s first in shares have the lowest cost basis and would cause further tax to be triggered and make it worse.
@elonmusk @bradsferguson @MediaRedyns @RedMetalGiraffe @elonmusk thoughts on Fusion and Tesla ? You said it could be done, and it is sustainable energy ...
@vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe We already have a giant, free fusion reactor in the sky called the sun. Just catch it’s energy with PV, store in battery & you’re pretty much done.
@elonmusk @Kristennetten @vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe High latitudes and places with long seasonal periods of inclement weather (hey like 6 month dust storms on Mars), suggest that continuing commercial fusion research is worthwhile. My fav is @GeneralFusion
@elonmusk @vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe Why didn't anyone use the sun earlier why now?
@elonmusk @vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe 100 square miles of solar panels isn't that much. Check out how much land is taken for fracking for oil and gas
@elonmusk @Kristennetten @vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe There is a technology that can make solar more efficient without any major changes
@elonmusk @vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe Elon, this is one of the few points I disagree with you on. The amount of batteries required to store days, weeks, or months worth of electricity are prohibitive. Unreliable energy sources will never be as good as reliable ones. Fusion energy will be reliable.
@elonmusk @vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe
@elonmusk @bradsferguson @MediaRedyns @RedMetalGiraffe True. But does that scale to places like UK or where solar seems to be very seasonal and not a lot ?
@elonmusk @vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe Most efficient system wins long term
@elonmusk @vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️
@elonmusk @ValueAnalyst1 @vicentes @bradsferguson @MediaRedyns @RedMetalGiraffe = keep it simple