that’s not very mustachian of you, but looking at your crypto development, I’d say it’s a fair expense
Ramping up nicely, too:
A recall for a potentially non working reversing camera… only a problem in countries where people can‘t drive…
Yeah. After all, it’s not as if there are cars that drove itself with such cameras, is it?
https://twitter.com/garyblack00/status/1476553781424885760?s=20
Oh no, $0.17 cost per share. Time to buy some puts, right @San_Francisco ? Do you know how many recalls happen to other carmakers annually, to be able to compare the risk, or do you swallow everything that reuters, cnbc, bloomberg or yahoo finance throws at you? If it bleeds, it leads, friend.
Nobody seems to care about the recall. 7% up premarket
Afaik the trunk camera is not used for any autopilot features.
Tesla is pumping hard today @ 1186!
So we know it wasn’t about an extra 10%. He mostly sold to exercise and has now more shares than at the time of the poll:
Musk actually owns more shares now than he did when he started selling: When he tweeted the poll, he owned about 170.5 million shares; now he owns about 175.9 million.[2] He has sold some shares that he previously owned, but mostly he’s been exercising options (and getting shares) and then selling some of the underlying shares to pay taxes, meaning that he has been acquiring shares faster than he’s been selling them
https://www.bloomberg.com/opinion/articles/2021-12-22/wall-street-is-no-fun-anymore
Yes, he sold 10.2 million shares that came from the exercised options and 5.4 million of common shares. This is roughly 6% and 3% of what he previously held. He also racked up a tax bill of $13.8 billion, a highest tax any individual had to pay in the history of the USA. Yet the Native American senator Warren launched a campaign on facebook, calling him a freeloader who whines when she asks him to pay his fair share. Meanwhile, senator Karen paid $5’000 tax in the year prior. Add to that the corrupt president Let’s go Brandon, who told the CEO of GM that “she changed the whole story, she led (the EV revolution)”. Gotta love socialists.
Sure, state energy subsidies haven’t helped his company in any way. Let’s stay realists and avoid hyperboles, here. Not saying he should personally foot my bills but owing some taxes for benefiting from some government programs/advantages is just fair and good practice.
That’s not what I would call fair but my disagreement would be beside the point since (emphasis mine):
We agree that in this specific case, the fair amount everybody should have to pay wouldn’t be 0.
That being said, we also agree on the issues of tax avoidance/insider trading/taking of lobbying money by politicians. Those go on both sides of the aisle though they are, indeed, more hypocritical when they come frome the left.
Ironically, this is the deal I have with my gf. She didn’t want to move into my “expensive” flat, because she earns less, so I offered that she pays less. Then the rent went down by 100 and she was angry that I still charge her the agreed price. I said if you’re unhappy we can still change the deal to 50-50.
Tax is essentially a question of: who will do a better job at capital allocation: a private entrepreneur, or a government official. If you believe the government can centrally plan stuff efficiently, for the good of the whole society, then sure, any % of tax is justified.
I believe taking over a half of Musk’s income is a shot in the foot. This purchasing power will get mismanaged and wasted.
I believe they’re good at different things and we should let private businesses do their thing, while also fund the government enough that it does its.
I also believe that a healthy level of additional levels of difficulties make us more efficient, so, some budgetary constraints force the government to be more efficient with their expenses and prioritize the programs that really need to be done and having to beat some level of taxes to be profitable allows for better weeding of efficient businesses vs inefficient ones.
As for Musk, I do agree that he seems to be doing good things with his capital and I’d want more of it, though the difficulty comes from fixing the criterion that would allow to identify individuals/corporations that are more efficient than the state on a global view, which is an impossible indeavour in my view. The next best thing would be clear and stable taxation rules applied equanimously to everybody, which is what I advocate.
I’m willing to agree to disagree. I’ve derailed the topic enough so will leave it at that though I’ll also add that complaining is a form of expression that probably falls under human rights, and of which we, as human beings and on a general basis, are very fond of. Not saying it’s a constructive approach, just that if we want to prevent people from complaining, we’ll have to dedicate all our time, energy and resources to it.
Having made a 2000km drive over Christmas I am looking forward to when assisted driving in electric vehicles is readily and cheaply available, it would be a real improvement in quality of life.
The unanswered question for me is still the batteries
I see them everywhere now, most Tesla drivers even stopped waving at other Tesla drivers when they pass each other, I guess it’s too tedious to do it so often. Last week I drove on the Autobahn and there were three Teslas behind one another. You know that Model 3 became the best selling car not just in Switzerland, but also Germany and the whole Europe?
Could we move the debate on taxation (we’ve had umpteenth times anyway, I don’t think there’s been major changes since last time ) to a different thread?