EV News Hubb
Advertisement Banner
  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us
No Result
View All Result
  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us
No Result
View All Result
EV News Hubb
No Result
View All Result
Home Electric Bikes

Elon Musk’s $40B of Tesla stock sales represents one of the biggest wealth transfers in history

admin by admin
December 15, 2022
in Electric Bikes


Advertisement Banner

There has been a lot of controversy about Elon Musk’s purchase of Twitter and subsequent selling of $40 Billion dollars of Tesla (TSLA) stock to finance the deal and keep Twitter solvent. There has been a lot of takes on this situation, but the one thing that no one seems to be talking about, especially the liberals is how this represents one of the largest wealth tranfers from the richest person in the world mostly into the hands of retail stock investors. Institutional investors tend to shy away from TSLA (only 43.5% of the stock is held by institutions). For long Tesla retail investors this is a once in a lifetime buying opportunity.

Elon sold another 3$ Billion dollars worth of stock between 12/12 and 12/14

Over the past 5 years I have spent $85,000 on solar panels, installed 7 heat pumps, put in another 12Kw of off grid solar panels on my wife’s house and purchased an electric Bolt for 1/2 price new. At this point I can say that I have personally kicked the fossil fuel addiction although the total cost to do so was a lot. I was looking for other ways to invest my money into moving humanity towards a sustainable future this year and decided investing in Tesla was a good choice. Since I have made that investment my stocks have dropped over 46% to date. When that happened I doubled down and at the same time as struggling to pay off my margin calls (don’t ever trade on margin) I moved all my retirement funds in both my Traditional IRA and Roth IRA from mutual funds to TSLA stock. One of the things that has really bothered me about investing in mutual funds is most of the index and mid cap funds invest in a lot of businesses that are contributing massively to global warming and trying to block progress with sustainable energy. I learned a valuable lesson that I should never trade on margin with TSLA stock dropping 46%, but instead of being upset about the dropping stock price I just doubled my investment in TSLA. I plan on investing over a 10-20 year period so it doesn’t matter that much if I bought the stock at $300 or $156. This is not investing advice, it’s just what I’ve personally done.

Some of my liberal friends are extremely toxic when it comes to Musk. I ask them to point to a single person who is alive who has done more to move humanity to sustainable energy than he has, I have never heard a good response to that. For all of his faults, what he has accomplished is astounding and I’m sure that no matter how much of his stock he sells off, he will be able to make it back in the future. The thing that amazes me is that no one is really talking about what an act of philanthropy it is for him to be selling off his stock in large chunks when the price is so low, thus driving the price even lower for retail investors. Warren Buffet said once that you can think of buying opportunities like this as a punch card you get for your life where there is only a small number of punches you get and you have to recognize when one of these opportunities present itself.

For politicians that constantly deride the capitalist system for the way massive amounts of wealth accumulate with a few individuals they should be rejoicing that the wealth from Elon Musk is very rapidly transferring from over to retail TSLA investors. Hallelujah.

Ride On.



Source link

Tags: elonmusktslawealth transfers
Previous Post

Charged EVs | BMW to co-locate battery assembly and vehicle production plants in Hungary

Next Post

Setting up EV Battery Manufacturing Plant in India- Game Changer Step Electric Wheelco

Next Post

Setting up EV Battery Manufacturing Plant in India- Game Changer Step Electric Wheelco

Tesla Model Y A Top Seller In Europe

Advertisement Banner

Recommended Post

Next-Gen Audi A8 EV’s Design “Very Close” To Grandsphere Concept

by admin
January 30, 2023
0

Mustang Mach-E prices, Audi electric off-roader, Tesla’s California lead: Today’s Car News

by admin
January 30, 2023
0

American EV owners save more money in winter than any other country

by admin
January 30, 2023
0

Tesla Stock vs. Amazon Stock In 2023

by admin
January 30, 2023
0

E-bike News: VanMoof bailout, Subsidies for E-bikes are More Effective than ZEVs

by admin
January 29, 2023
0

Charged EVs | Tesla to build Semis and expand battery production at Nevada Gigafactory

by admin
January 29, 2023
0

Quick Charge Podcast: January 28, 2023

by admin
January 29, 2023
0

Check Out Ram 1500 Revolution BEV Concept’s Third-Row Jump Seats

by admin
January 29, 2023
0

© 2022 EV News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us

Newsletter Sign Up

  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us

© 2022 EV News Hubb All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In