James Stephenson
@ICannot_Enough · Jun 1, 2024
w he could pay his taxes without selling some of his shares. He has borrowed against the shares he already owns already. Even if he could borrow $7.1B against the newly issued shares, he’ll owe capital gains tax on $55B that will be treated as income, and he can’t borrow anothe
Elon Musk
@elonmusk
The deal allows me to sell enough stock to pay the taxes. The remaining stock must be held for 5 years, so it is impossible for me to cash out and run.
02:14 AM · June 1, 2024 · 215.3K views
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