[f0xJtpvHYTVQ88B]

He sold billions last year without the excuse of buying Twitter.

[cronix]

Yeah, he had to pay an 11 BILLION dollar tax bill to California and the IRS, for stock options issued in 2012. It was reported as the largest federal tax bill in history.

https://www.forbes.com/sites/elizahaverstock/2021/12/15/elon...

[dragontamer]

He needs an excuse to get people buying his stock, to support the stock price as he sells.

Back then it was a Twitter poll to sell shares IIRC. Musk makes a big deal out of everything to lead his followers around

[sidibe]

That was to pay his taxes supposedly, so he still had an excuse. People might worry if he's just diversifying for its own sake

[f0xJtpvHYTVQ88B]

If he didn't sell the stocks then he wouldn't have to pay any tax on unrealized gains. According to him, he sold the stocks so they he would pay taxes in response to criticism of not paying his "fair share" in taxes.

[dragontamer]

Wrong.

Musk's stock options became fully vested and matured. That forced a tax event on him last year.

[jquery]

If this is true, he’s absolutely a pathological liar.

[outworlder]

Yeah. He lied. Again.