According to the latest regulatory documents submitted by Tesla on Thursday, Tesla CEO Elon Musk recently sold nearly $1 billion in shares of the electric car manufacturer to perform and exercise The tax liability related to stock options of the period.
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Author/Qian Tongxin
Since last year, Musk’s wealth has surged and he quickly became the world‘s richest man. The surge in wealth also means that the rich have to pay more taxes. Musk believes that the government can “zero” the wealth of “billionaires”, but this is not the fundamental solution to the problem, and it still cannot fill the huge US deficit.
In the month since November 8, Musk sold Tesla shares for a total value of more than 12 billion U.S. dollars and sold more than 11 million shares. Musk’s latest stock sale caused Tesla’s stock price to close by more than 6% on Thursday.
When Musk was recently asked how to tax the rich, he said: “I have paid a lot of taxes, and my marginal tax rate has reached 53%, which is not trivial. U.S. taxes include asset taxes, There are sales tax and inheritance tax. I personally support inheritance tax.”
Musk emphasized that the U.S. government should reduce its intervention in the commercial market as much as possible, because compared to many commercial companies, the U.S. government’s efficiency in controlling wealth is “much lower.”
“If a person’s assets reach a certain level and far exceed his spending power, then what he is really doing is asset allocation, not just dominating personal expenditures.” Musk said.
He believes that it is meaningless to take the assets of people with superb asset allocation capabilities from him and hand them over to the government. In Musk’s view, the US government does not have a good level of asset allocation, but only has the power to concentrate assets. “I don’t understand why the wealth of the wealthy should be given to an organization that has no ability to distribute.” Musk said.
When talking about the asset allocation work that the government can do, Musk said that in some scientific programs, such as the Mars exploration program, the government still has its value. “Because these huge scientific projects may be of little value to the common people.” Musk said, “So if you charge a small amount of money from everyone, the efficiency of doing so is very low. Such large projects only It can be done by the government.”
Musk’s space exploration company SpaceX is actively participating in the moon and Mars programs. Musk said that SpaceX’s “Starship” program consumes the most energy and is also the most technically difficult project. “This is the largest rocket project in the history of mankind, and it has far-reaching significance for entering the earth orbit. Because there has never been a fully reusable earth orbit launch vehicle before.” Musk said, “This is a revolution in human space technology. Sexual, but we are still not sure if it can be achieved.”
Although SpaceX’s valuation has reached 100 billion U.S. dollars, Musk recently revealed that SpaceX is still facing a “bankruptcy” crisis at any time. SpaceX’s profitable Starlink plan is expected to be split and listed in the future to provide “blood transfusion” for Musk’s Mars project.
So far this year, Tesla’s stock price has risen by more than 40%, which makes Musk’s personal wealth soar. Musk said that Tesla’s market share of electric vehicles in the United States has reached two-thirds. “In other words, Tesla’s output is twice the combined scale of all other electric car manufacturers in the United States.” Musk said.
Recently, the data released by the China Passenger Association also showed that the mass production scale of Tesla’s Shanghai Super Factory is also expanding. In the first 11 months of this year, the delivery volume of Tesla’s Shanghai Super Factory has exceeded 400,000 vehicles, a year-on-year increase. 242%.
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