*NOTE: @**1:05** that should say 8.4 million NOT $8.4 million in reference to the number of shares. Sorry!* Invest in iconic artworks with Masterworks using my custom link: masterworks.art/newsthink
To everyone complaining about Elon coverage - This channel have always had about 3 to 1 ratio of Elon/Tesla/SpaceX videos over other topics. Cindy's first 6 videos were all centered around Elon and his companies. Her fist 20 videos featured 14 videos about Elon and his companies. She covers current and relevant topics with historical ones spaced out in-between. Not a surprising format at all. It's amazing how people are willing to self select data and create claims of how she's obsessed with Elon now as opposed to the good old days. Cindy is one of the best presenters on RUclips who spent a lot of time researching her materials and present her finding with an uncanny level of polish. Let's stop for a moment to appreciate all that she had done.
Another important fact with these shares is that he needs to hold them for a few years as well before he can sell them. He can't just open a new traunch and suddenly sell the shares. Also, he cant just pump Tesla stock price to get to a new market cap value. The market cap needs to be sustained for a peroid of time before the market cap tranch opens up. But since we're already above 1 trillion, that's not going to be an issue.
Holding shares is not a problem it's just that certain tax limitations are there if you sell and gain a good amount within a year that's why you can't sell them also there are some other tax limitations if you sell and gain more than a certain sum. So if Mr. Musk decides to sell he can sell with a lot of taxes
Billionaires only sell their shares once they are about to expire. The real way billionaires spend money is by borrowing non-taxable money from banks. THAT'S the problem. Billionaires are able to borrow near unlimited amounts of money because of their "net worth" and don't get taxed for that money.
The guy sleeps in offices, warehouses, and a $50,000 house that I think he might be renting. His health has obviously deteriorated over the last 2 years as he throws himself into SpaceX's development of Starship. He has talked non-stop about reinvesting his money into future technologies and has done so. Anyone who has a problem with the amount of wealth he gathers at this point is completely blinded by their greed and jealousy. They're also sadly mistaken if they think the government will spend his money wisely.
He's only wealthy BECAUSE of the government. Space X was saved by a huge government contract at the last minute. Tesla benefits from huge government subsidies for electric vehicles. And the mission of Space X to go to Mars is foolish and idiotic. We have a perfect planet here that we should try and save instead of pretending that a barren, dead planet without a magnetosphere can somehow create a self-sustaining colony. People try so hard to drive a narrative online and they look so foolish when you dive into the details ...
@@Anyguy4321 It's always fun to see an Elon hater show how little they understand about technology and space development. The technological leap we had following R&D ofthe space race was unprecedented. Even if a long term civilization on Mars is impractical for the next couple centuries, the push to make it possible will revolutionize our society from the technology we use every day.
@@Anyguy4321 People like you don't realize what it means to be isolated on a single planet and still be able to live the modern life we do today. First you would need to accept that at some point you would need people to die as fast as they are born. Restricting birth rates has never proven to be a good idea (look at china and how they lack females now). Most of the technology you use today that is unsustainable would be no more. No electricity , no electronic devices that need rare metals , no medicine (in order to balance death and birth rates). Law of the jungle would be even more prevalent. You though medieval ages with nobles and stuff was bad. This would be seriously bad. You would have a select few that will control whatever technology can be maintained , food , medicine while the rest of the common people wait to die. If you say that they should revolt , what if at that point remote controled droids or autonomous droids with guns were a thing ? What would you do when one machine can take down dozens or even hundreds ? You would just be freed from suffering. All those that believe that coexisting with nature on Earth without branching out in space are dellusional and insane.
@@devyanshraghuvanshi1248 to quote Benjamin Graham, long term the stock market is a weighing machine. This means the company does well, the stock does well. Elon is not corrupt, and most, if not all market manipulation is Tesla is external from pple like Gordon Johnson on CNBS and nitwits on wall st etc.
@@devyanshraghuvanshi1248 he never promised any of that would certainly be true by today. All predictions r uncertain. If you listen to exactly what he says you’ll see how honest he is.
He enjoys what he does though, that is the key to success .. Immerse your self in your craft, call it work if you want to but if you enjoy it .. the hours don't matter .. so you make money while doing what you love .. but this dude is on another level .. he is a physicist/scientist and he is "learning as he is doing" .. he puts in the work and is a very intelligent individual
@@4evertrue830 It's no secret, he looked at what could make the biggest impact in the human race and set out to do it. Most people can't wrap their minds around it and lump him with all other rich people who's goal is self-preservation.
@@miguster9942 I think the idea "love what you do" or "enjoy what you do" doesnt apply at such high levels of productivity. There is not a single individual who would work long hours (100+hours a week), push themselves to the brink od destruction and say that they enjoy it because you cant. Its extremely painful to maintain that. Thats why motivation will never be enough. You need determination, relentlessness and courage. Motivation is like a sine wave, the other 3 are static.
Stop day trading. Find stable company whom have well experienced experts that are low and buy in(trade or invest with them) just hold and sell when your stock goes up. It has been working for me for years
Woooah, what a coincidence, you invested with Mrs Lucy also . I also trade with her I get to earn a biweekly trading income of 21,000$... Really grateful to her
Being in Minnesota today, 4F, 20-40mph winds leading to a -25F windchill makes me think Mars isn't a particularly attractive place to live, even if Musk can reduce the per person costs of traveling to Mars to that of an average coastal house. People complain of tyrannical democratic governments on earth, but what "rights" does a future citizen of Mars have? And what happens when ONE person goes postal, or opens an air hatch in revenge suicide because she feels abused for losing a job to someone who slept with the boss or whatever? Society is expensive, Mars is more expensive. I wonder what fraction of people can handle the discipline needed?
To many, living in the Arctic circle without modern technology seemed impossible, but we've done it thousands of years ago. I think we should give human ingenuity more credit. It's not your mountain to climb, but somebody else will have the will and the way. Exploration is in our gene, this much had been proven time and again.
@@lanzer22 I think what you're saying is "Necessity is the mother of invention", but at least there is oxygen to breath, water to drink, fish to eat in the earth arctic. On Mars without advanced technology, well maintained, and with 7 levels of redundancy, Mars might only be the best play to die and not decompose.
@@aresmars2003 What you said is true if "Necessity is the mother of invention" comes with a second line that says "as long as the environment sustain life". So when do some of us get to lay the ground rules for exploration? The vacuum of space is just as inhospitable, but somehow we have people staying in our space station for the past few years. 50 years ago the idea of living in a space station for more than a day would invoke similar response to some people. "It's really dangerous and hard, therefore we shouldn't do it" is an opinion. I would much prefer to live in a world where people challenge that notion than to cower at the thought.
Even if he made 100M a year I wouldnt mind for all the shit he went through to make companies thrive and effort to move us in to better future. You should complain about bankers and stock swindlers that move bunch of numbers around, damaging the poor and middle class and make gazillion dollars every year. Get a grip folks.
Very smart intelligent man who has achieved so much at such short periods of time through a lot of hard work. Unfortunately we can not say the same about empty headed politicians and public administrators who think the best way to generate more income into govt treasury, is to go after billionaires' wealth directly instead of generating tremedous revenue from govt assets that these billionaires make use of in the first place...
Hey bucko, the reason he gets paid 0 is because it's a way to legally avoid paying income tax, and plus he can easily influence the value of Tesla stock by speculation and over exaggerated promises, so he isn't really risking anything.
But lets not forget the fact that he has to exercises the stock options to get those shares, and with that he has to pay taxes on the difference.. So he has the right to buy all those shares at 70$ but the difference to the current price is being taxed (~53% total tax rate) The reason he didn't pay taxes the years before was cause the options were not executed. But since they will expire mid next year he now has to execute them thus his upcoming huge ~15 Billion tax bill.
Elon said his tax rate was 53% and 56% in the subsequent year. *Lie by omission.* As a billionaire and a business owner, he would have shown his taxable income as something ridiculously low. A billionaire who purchased a 100M yacht by taking cheap loans on the stocks he earned the same fiscal year, can still pay only $5400 in taxes and still show it as 54% by showing his taxable income as $10,000. (Like Zucc paying himself $1 in salary or Nick Woodman paying $500M to "charity".) Everyone who defend billionaires saying it's taxing unrealized gains, fail to realize that most billionaires will NEVER pay taxes on their stocks- they simply "buy borrow and die". Not even when their children inherit those stocks as it's stepped up and so they won't have to pay any taxes either.
His tax rate is exactly that 53% he said. When he exercise his options, which he must do now before they expire, he is paying federal income/state taxes on them as ordinary income. So yeah, his tax bill for 2021 plus the extra shares he pledged to sell will result in around 8 billion dollars of tax dollars. Now see if he were to exercise these options 2 years ago when the stock was 70 bucks, the government would have only received like 500 million dollars in taxes. So it's not a bad thing that he is exercising them now vs when he first received them. BTW, all of his CEO compensation will go through this tax wash in the future which will results in probably a few HUNDRED billion dollars in taxes for the government (depending on how highly valued Tesla stocks become). As for the original shares he obtained that has massively appreciated?..Well I guess twitter will decide the fate on those from now on.
The guy started a company that overall brought billions to the US Economy through exports as well as a ton of taxes through all employees who works at Tesla and exercised its shares. On top of that he does pay short term capital gain on shares he exercised. Before he exercised he did borrow money, but so what? If you have to look at that 0.1% and make it EVERYTHING then your hate is taking you away from seeing the big picture. What if he gets a high salary and have to pay tax, that would still be a tiny amount compared to what he pay when he exercise his option grants. Nobody should be lumped into some stereotype with statements like "he's just like all other billionaires". What will he do with his money? He already told us. If you choose to ignore that or not trust his words, your loss.
@@lanzer22 Repeat after me, "Elon Musk isn't a founder of Tesla." In fact, he ousted both of the original founders of Tesla. He's basically did what Ray Croc did to McDonald's, just on the hush-hush.
@@meosh930 You surprised no one by saying that Elon isn't the original founder of Tesla. When people run out of arguments they love to say how "he's not an inventor" or "he's not the original founder", as if that somehow takes away the fact that he is brilliant in programming, engineering and leadership, something that is vouched by some of the smartest people in the industry. What do you want to believe in? Some generalization coupled with a stereotypical conclusion? Or actually do some reading and hear the opinions of people that actually worked with him directly?
To the *incredible person* seeing this, I wish you all the best in life❤ don't over blame yourself, accept things and go forward. Don't let others define what “success” is for you. Get up, learn the skills needed and get after it, all the keys to a happy life is in your hands. Keep pushing.
What if this message is read by a pedophile or a serial killer or just a piece of shit human being? Would you wish them the same? This is a stupid comment I see on every video.
Agreed. I live in Ireland, they tax the unrealised gains on our *STOCKS* 41% every 8 years 😭😭😭. As well as when you sell. This effectively eliminates the power of compound interest. But if you live outside of Ireland and buy Irish domiciled stocks you pay 15% only on realised gains lol.
i'd like to understand every thing she talks in this video, but i'm completely lost. idk why topics like these is confusing. what do you guys recommend to learn so I can at least understang everything she explains and also the lingos here
@@davidmacphee8348 😭😭 well maybe just because I'm not used to listen to English-speaking contents like these, especially in economy there are additional lingos to understand 😥
So , if he has these 12 treasure chests of stocks as his payment , so it means that his share in the company is in the form of these chests . Then how did he sell his 10% worth of stocks to pay the tax as he is not allowed to use these stocks unless and until he fulfills the required goal of the company.🙄
Why are you so obsessed with elon musk? I love him too but it looks like you are out of content rn. There are other people, scientists and things too. There was a lot more diversity in your older videos.
@@aresmars2003 yup His face has already become puffy and deteriorating. But uk if something happens to him, the money 💰 and facilities factor will play a major role in his rehab.
I agree. But as to why. (I’m sure you already know) Elon’s name probably attracts the most views, likes, and new subscribers. I’m with you though, I enjoyed the historical videos like the one about Nikola Tesla.
@@anmxl27 Agree. OTOH, while money is good, but a wife might be better - to tell him to call 911 when he has that heart attack or stroke, which otherwise he might be all alone and just go back to sleep and never wake up.
this is such a useless discussion, why does it even matter how big salary he has? he owns like 20% of Tesla, selling 1% is more than enough to live for years in luxury
You want a reason? The reason is because it goes against every other CEO's compensation plans. Its radically different to any other company. The plan incentivises growth, sustainability and profiitability. Where most other CEO's will still take home millions of dollars a year while their companies crumble around them, Elon only makes money while things are going good. This is why this is important.
@@sp00l You are missing a major point. He is a CEO and owner at the same time, so what you say makes no sense. Every owner has enough incentive to grow his own company no matter how you take your salary - in "salary" or in stock price increase, what is the difference? NONE. You are mixing apples with pears.... Not even in companies run by regular CEOs that would make no sense, because it also incentivizes the CEOs to do financial engineering which we know can bring the company to ruin
Yes who needs a sallary when you get millions in stocks. Also, to reach these milestones you can play down a global pandemic(initially) and continue running your factories. (oh shoot he did that, damn)
Well logically and how the board intended was that he made essentially no money unless he was the highest preforming ceo in history and just by chance he seems to be on that path
I think everyone praying That's Tesla gonna losses , But extremely soon Almost people's r not knowing that where is the Come will over come and magiicle issue will be highly obliged
You make a lot of videos on Elon Musk and Tesla. These videos are quite enjoyable and filled with information but too much of everything is boring. Elon Musk is a good businessman but he is not by any chance free from scandals. And we all know CEOs exploit loopholes to pay less taxes. Elon Musk is no exception. Stop making this many videos on just 1 person. People do shitty stuff all the time and Elon Musk like everyone is people.
*NOTE: @**1:05** that should say 8.4 million NOT $8.4 million in reference to the number of shares. Sorry!*
Invest in iconic artworks with Masterworks using my custom link: masterworks.art/newsthink
This is the kind of content that I pay my internet bills for ❤️
Poggers
To everyone complaining about Elon coverage - This channel have always had about 3 to 1 ratio of Elon/Tesla/SpaceX videos over other topics. Cindy's first 6 videos were all centered around Elon and his companies. Her fist 20 videos featured 14 videos about Elon and his companies. She covers current and relevant topics with historical ones spaced out in-between. Not a surprising format at all.
It's amazing how people are willing to self select data and create claims of how she's obsessed with Elon now as opposed to the good old days. Cindy is one of the best presenters on RUclips who spent a lot of time researching her materials and present her finding with an uncanny level of polish. Let's stop for a moment to appreciate all that she had done.
I found out about this channel because she was covering Elon. This is what made me watch all the other videos on this channel as well.
👍🏿👍🏿
Your news and reporting style are excellent. Keep up the great work 👍
Agreed
Another important fact with these shares is that he needs to hold them for a few years as well before he can sell them. He can't just open a new traunch and suddenly sell the shares. Also, he cant just pump Tesla stock price to get to a new market cap value. The market cap needs to be sustained for a peroid of time before the market cap tranch opens up. But since we're already above 1 trillion, that's not going to be an issue.
Holding shares is not a problem it's just that certain tax limitations are there if you sell and gain a good amount within a year that's why you can't sell them also there are some other tax limitations if you sell and gain more than a certain sum. So if Mr. Musk decides to sell he can sell with a lot of taxes
its tranche... not tranch
Billionaires only sell their shares once they are about to expire. The real way billionaires spend money is by borrowing non-taxable money from banks. THAT'S the problem. Billionaires are able to borrow near unlimited amounts of money because of their "net worth" and don't get taxed for that money.
The guy sleeps in offices, warehouses, and a $50,000 house that I think he might be renting. His health has obviously deteriorated over the last 2 years as he throws himself into SpaceX's development of Starship. He has talked non-stop about reinvesting his money into future technologies and has done so. Anyone who has a problem with the amount of wealth he gathers at this point is completely blinded by their greed and jealousy. They're also sadly mistaken if they think the government will spend his money wisely.
hes doing good for humanity and working for humanity those working for mankind should not be taxed..
Elon shud not be taxed
He's only wealthy BECAUSE of the government. Space X was saved by a huge government contract at the last minute. Tesla benefits from huge government subsidies for electric vehicles.
And the mission of Space X to go to Mars is foolish and idiotic. We have a perfect planet here that we should try and save instead of pretending that a barren, dead planet without a magnetosphere can somehow create a self-sustaining colony.
People try so hard to drive a narrative online and they look so foolish when you dive into the details ...
@@Anyguy4321 XD
@@Anyguy4321 It's always fun to see an Elon hater show how little they understand about technology and space development. The technological leap we had following R&D ofthe space race was unprecedented. Even if a long term civilization on Mars is impractical for the next couple centuries, the push to make it possible will revolutionize our society from the technology we use every day.
@@Anyguy4321 People like you don't realize what it means to be isolated on a single planet and still be able to live the modern life we do today. First you would need to accept that at some point you would need people to die as fast as they are born. Restricting birth rates has never proven to be a good idea (look at china and how they lack females now). Most of the technology you use today that is unsustainable would be no more. No electricity , no electronic devices that need rare metals , no medicine (in order to balance death and birth rates). Law of the jungle would be even more prevalent. You though medieval ages with nobles and stuff was bad. This would be seriously bad. You would have a select few that will control whatever technology can be maintained , food , medicine while the rest of the common people wait to die. If you say that they should revolt , what if at that point remote controled droids or autonomous droids with guns were a thing ? What would you do when one machine can take down dozens or even hundreds ? You would just be freed from suffering. All those that believe that coexisting with nature on Earth without branching out in space are dellusional and insane.
Thats a good incentive plan, every CEO should follow that
Every “Technoking”
@@devyanshraghuvanshi1248 but they have backed everything they have claimed, if u don’t believe it ur simply in denial
@@devyanshraghuvanshi1248 to quote Benjamin Graham, long term the stock market is a weighing machine. This means the company does well, the stock does well. Elon is not corrupt, and most, if not all market manipulation is Tesla is external from pple like Gordon Johnson on CNBS and nitwits on wall st etc.
@@devyanshraghuvanshi1248 he never promised any of that would certainly be true by today. All predictions r uncertain. If you listen to exactly what he says you’ll see how honest he is.
@@devyanshraghuvanshi1248 r u short Tesla or a self hating basement dwelling adult virgin of TeslaQ?
Respect to those who spent 15years of their lives working 100hours a week just to achieve their goals and make billions!
He enjoys what he does though, that is the key to success .. Immerse your self in your craft, call it work if you want to but if you enjoy it .. the hours don't matter .. so you make money while doing what you love .. but this dude is on another level .. he is a physicist/scientist and he is "learning as he is doing" .. he puts in the work and is a very intelligent individual
How many life times do they have to enjoy it makes ni sense to me.And then what will they do with it.
@@4evertrue830 It's no secret, he looked at what could make the biggest impact in the human race and set out to do it. Most people can't wrap their minds around it and lump him with all other rich people who's goal is self-preservation.
@@miguster9942 I think the idea "love what you do" or "enjoy what you do" doesnt apply at such high levels of productivity. There is not a single individual who would work long hours (100+hours a week), push themselves to the brink od destruction and say that they enjoy it because you cant. Its extremely painful to maintain that.
Thats why motivation will never be enough. You need determination, relentlessness and courage. Motivation is like a sine wave, the other 3 are static.
I am new to trading and have made alot of losses, can anyone help me out with a strategy that works for them?
Stop day trading. Find stable company whom have well experienced experts that are low and buy in(trade or invest with them) just hold and sell when your stock goes up. It has been working for me for years
I will advice you should stop trading alone if you losing and start trading with Mrs Lucy trading
Woooah, what a coincidence, you invested with Mrs Lucy also . I also trade with her I get to earn a biweekly trading income of 21,000$... Really grateful to her
Please how can I reach this Mrs Thompson Lucy I've already lost enough of money trading for myself
My mentor, always leading you at the right track at the perfect time.
This is the kind of content that I pay my internet bills for ❤️
1:05 I believe that 8 million should not have a dollar sign, as its number of shares not value
Nice catch, you're absolutely right!
@@Newsthink great content as usual
Being in Minnesota today, 4F, 20-40mph winds leading to a -25F windchill makes me think Mars isn't a particularly attractive place to live, even if Musk can reduce the per person costs of traveling to Mars to that of an average coastal house. People complain of tyrannical democratic governments on earth, but what "rights" does a future citizen of Mars have? And what happens when ONE person goes postal, or opens an air hatch in revenge suicide because she feels abused for losing a job to someone who slept with the boss or whatever? Society is expensive, Mars is more expensive. I wonder what fraction of people can handle the discipline needed?
Damn true
A person’s income can be evaluated by lifestyle things you own as well as pay cheque
To many, living in the Arctic circle without modern technology seemed impossible, but we've done it thousands of years ago. I think we should give human ingenuity more credit. It's not your mountain to climb, but somebody else will have the will and the way.
Exploration is in our gene, this much had been proven time and again.
@@lanzer22 I think what you're saying is "Necessity is the mother of invention", but at least there is oxygen to breath, water to drink, fish to eat in the earth arctic. On Mars without advanced technology, well maintained, and with 7 levels of redundancy, Mars might only be the best play to die and not decompose.
@@aresmars2003 What you said is true if "Necessity is the mother of invention" comes with a second line that says "as long as the environment sustain life". So when do some of us get to lay the ground rules for exploration?
The vacuum of space is just as inhospitable, but somehow we have people staying in our space station for the past few years. 50 years ago the idea of living in a space station for more than a day would invoke similar response to some people.
"It's really dangerous and hard, therefore we shouldn't do it" is an opinion. I would much prefer to live in a world where people challenge that notion than to cower at the thought.
Even if he made 100M a year I wouldnt mind for all the shit he went through to make companies thrive and effort to move us in to better future. You should complain about bankers and stock swindlers that move bunch of numbers around, damaging the poor and middle class and make gazillion dollars every year. Get a grip folks.
Neuralink is the future. Swear to God, humans will be Professor X meets Magneto with that.
Very smart intelligent man who has achieved so much at such short periods of time through a lot of hard work. Unfortunately we can not say the same about empty headed politicians and public administrators who think the best way to generate more income into govt treasury, is to go after billionaires' wealth directly instead of generating tremedous revenue from govt assets that these billionaires make use of in the first place...
Hey bucko, the reason he gets paid 0 is because it's a way to legally avoid paying income tax, and plus he can easily influence the value of Tesla stock by speculation and over exaggerated promises, so he isn't really risking anything.
It surprises me that most people cannot see this and it's right f.ing there in plain sight.
But lets not forget the fact that he has to exercises the stock options to get those shares, and with that he has to pay taxes on the difference..
So he has the right to buy all those shares at 70$ but the difference to the current price is being taxed (~53% total tax rate)
The reason he didn't pay taxes the years before was cause the options were not executed. But since they will expire mid next year he now has to execute them thus his upcoming huge ~15 Billion tax bill.
Thanks Cindy. You are objective, unbiased and informative as always!
It is suspect when a single individual can mastermind a $54 billion pay package. Something is not right. 🤔
Bravo! What a great video that shows the very best in risk capitalism, and its rewards.
This channel is so Informative ℹ️
Elon said his tax rate was 53% and 56% in the subsequent year.
*Lie by omission.*
As a billionaire and a business owner, he would have shown his taxable income as something ridiculously low. A billionaire who purchased a 100M yacht by taking cheap loans on the stocks he earned the same fiscal year, can still pay only $5400 in taxes and still show it as 54% by showing his taxable income as $10,000.
(Like Zucc paying himself $1 in salary or Nick Woodman paying $500M to "charity".)
Everyone who defend billionaires saying it's taxing unrealized gains, fail to realize that most billionaires will NEVER pay taxes on their stocks- they simply "buy borrow and die".
Not even when their children inherit those stocks as it's stepped up and so they won't have to pay any taxes either.
His tax rate is exactly that 53% he said. When he exercise his options, which he must do now before they expire, he is paying federal income/state taxes on them as ordinary income. So yeah, his tax bill for 2021 plus the extra shares he pledged to sell will result in around 8 billion dollars of tax dollars. Now see if he were to exercise these options 2 years ago when the stock was 70 bucks, the government would have only received like 500 million dollars in taxes. So it's not a bad thing that he is exercising them now vs when he first received them. BTW, all of his CEO compensation will go through this tax wash in the future which will results in probably a few HUNDRED billion dollars in taxes for the government (depending on how highly valued Tesla stocks become). As for the original shares he obtained that has massively appreciated?..Well I guess twitter will decide the fate on those from now on.
The guy started a company that overall brought billions to the US Economy through exports as well as a ton of taxes through all employees who works at Tesla and exercised its shares. On top of that he does pay short term capital gain on shares he exercised. Before he exercised he did borrow money, but so what? If you have to look at that 0.1% and make it EVERYTHING then your hate is taking you away from seeing the big picture. What if he gets a high salary and have to pay tax, that would still be a tiny amount compared to what he pay when he exercise his option grants.
Nobody should be lumped into some stereotype with statements like "he's just like all other billionaires". What will he do with his money? He already told us. If you choose to ignore that or not trust his words, your loss.
@@lanzer22 Repeat after me, "Elon Musk isn't a founder of Tesla."
In fact, he ousted both of the original founders of Tesla.
He's basically did what Ray Croc did to McDonald's, just on the hush-hush.
@@meosh930 You surprised no one by saying that Elon isn't the original founder of Tesla. When people run out of arguments they love to say how "he's not an inventor" or "he's not the original founder", as if that somehow takes away the fact that he is brilliant in programming, engineering and leadership, something that is vouched by some of the smartest people in the industry. What do you want to believe in? Some generalization coupled with a stereotypical conclusion? Or actually do some reading and hear the opinions of people that actually worked with him directly?
@@lanzer22 im sure i surprised you. reread your first sentence.
To the *incredible person* seeing this, I wish you all the best in life❤ don't over blame yourself, accept things and go forward. Don't let others define what “success” is for you. Get up, learn the skills needed and get after it, all the keys to a happy life is in your hands. Keep pushing.
You too!
What if this message is read by a pedophile or a serial killer or just a piece of shit human being? Would you wish them the same? This is a stupid comment I see on every video.
What kind of microphone are you using? really appreciate it!
Why are we saying he got paid zero? He gets paid in stocks.
whats he gonna do with stocks...can he buy groceries?
He has to convert it
@@rudranewaz6664 precisely lol you sell me. On top of that banks just give them loans for low interests to be on their good side.
@@Thebreakdownshow1 XD
elon is worth 200b nd bezos
but do they really have 200b in their banks i wonder...if they cash out ... they'd be taxed 50%
@@rudranewaz6664 I am quite postive elon eats and feeds his kids. Tell me if you can pay for things using 0 dollars.
It's just like playing a game for elon.
OK so in short..... Elon is playing a real life video game and needs to unlock chests. What a legend.
One of the best News Reporting videos I've seen in a while. Thanks for making things simple for someone like me.
Yep I love your reporting style
Yet some people including politicians keep complaining about his wealth. Imagine sleep on the floor and working 18hrs a day
Not to incentivize but to challenge. Not for reward but for opportunity. Page of blood.
Taxing unrealized gains is the dumbest thing I’ve ever heard
Agreed. I live in Ireland, they tax the unrealised gains on our *STOCKS* 41% every 8 years 😭😭😭. As well as when you sell. This effectively eliminates the power of compound interest.
But if you live outside of Ireland and buy Irish domiciled stocks you pay 15% only on realised gains lol.
Hi Cindy, great presentation. Elon's wealth is indeed earned. His fascination with Mars and his intentions for it still escape me.
Thanks for being honest massage me drictly right now for guidance....
He is rich because he exploited tax loopholes that still aren’t fixed
@@hilal_younus Have you watched the video?
Great content, Keep it up!
warning: ads at the end of video
beautifully made
He is taking stock in the company, it's going make his family richer than dirt forever!!!
Tesla stocks doubled since I brought mine. Thanks Elon
i'd like to understand every thing she talks in this video, but i'm completely lost. idk why topics like these is confusing. what do you guys recommend to learn so I can at least understang everything she explains and also the lingos here
You are just slow
@@barangayph3760 am I stupid??
@@danielniels22 NO
@@davidmacphee8348 😭😭 well maybe just because I'm not used to listen to English-speaking contents like these, especially in economy there are additional lingos to understand 😥
Who say they work for free! They suck money from stock options.
Elon's PA
Love from India ♥️🇮🇳
Unrealized capital gains is the stupidest shit. Will the government compensate if people make losses?
All or Nothing… as is true in life 😎
Hmm, can we not focus on cool technology or futurism rather than bootlicking for this billionaire?
Using internet explorer but first!
So , if he has these 12 treasure chests of stocks as his payment , so it means that his share in the company is in the form of these chests . Then how did he sell his 10% worth of stocks to pay the tax as he is not allowed to use these stocks unless and until he fulfills the required goal of the company.🙄
He already fulfilled most of the goals, hence many of the chests were unlocked. It's in the video.
Did you watch? He already fulfilled most of them and he owns a lot of shares from the get go too. This is just some additional shares.
He already had shares prior. This is additional stock received.
So if someone bankrupts his company he worthless?
Cindy is obsessed with Elon Musk
NO
We are obsessed with Elon Musk, our views and comments make RUclips tell Cindy to make more Elon videos. Simple.
Why are you so obsessed with elon musk?
I love him too but it looks like you are out of content rn. There are other people, scientists and things too. There was a lot more diversity in your older videos.
True. I agree with that
Given the poor way Musk takes care of his health, I wonder if he'll even be alive in 10-15 years. No one works 100 hours/week and last decades.
@@aresmars2003 yup
His face has already become puffy and deteriorating. But uk if something happens to him, the money 💰 and facilities factor will play a major role in his rehab.
I agree. But as to why. (I’m sure you already know) Elon’s name probably attracts the most views, likes, and new subscribers. I’m with you though, I enjoyed the historical videos like the one about Nikola Tesla.
@@anmxl27 Agree. OTOH, while money is good, but a wife might be better - to tell him to call 911 when he has that heart attack or stroke, which otherwise he might be all alone and just go back to sleep and never wake up.
RIP...he opened all but got.blocked.by insider investor
"wOw hE doEsnT geT a sAlarY" hes literally the richest man in the fucking world by net worth
Wrong, net worth makes him the wealthiest man in the fucking world, not richest
Here before it blows up
he just want to avoid taxes
Elon is no CEO he is a Techno King at Tesla.
this is such a useless discussion, why does it even matter how big salary he has? he owns like 20% of Tesla, selling 1% is more than enough to live for years in luxury
You want a reason? The reason is because it goes against every other CEO's compensation plans. Its radically different to any other company. The plan incentivises growth, sustainability and profiitability. Where most other CEO's will still take home millions of dollars a year while their companies crumble around them, Elon only makes money while things are going good. This is why this is important.
@@sp00l You are missing a major point. He is a CEO and owner at the same time, so what you say makes no sense. Every owner has enough incentive to grow his own company no matter how you take your salary - in "salary" or in stock price increase, what is the difference? NONE. You are mixing apples with pears.... Not even in companies run by regular CEOs that would make no sense, because it also incentivizes the CEOs to do financial engineering which we know can bring the company to ruin
Adrienne Flemming...
It's like mario. jumping to the next treasure.
true
Fcking tax is so bad, its not even worth getting paid sometimes lol
Yes who needs a sallary when you get millions in stocks. Also, to reach these milestones you can play down a global pandemic(initially) and continue running your factories. (oh shoot he did that, damn)
Angsty
The salt is strong
Matematicamente hablando fisicamente explicando es el humano hoy
I dont know
if u connect neuralink with the humanoid tesla bot, can't u make this bot fly for travel and make it work your jobs while u stay home
Let me guess, he just makes more money that way and pay less taxes?..
Payd taxes based on compensation, if he doesn't get paid he doesnt pay any. Stop buying into commie BS
Well logically and how the board intended was that he made essentially no money unless he was the highest preforming ceo in history and just by chance he seems to be on that path
I love you cinde pom 🎈
La gtavedad no gravedad es planos escrituras de la tierra la tiene Dios hoy
Don't forget that Steve Jobs was first with 1$ salary.
lmao it's just to avoid taxes
Good
I think everyone praying
That's Tesla gonna losses ,
But extremely soon
Almost people's r not knowing that where is the
Come will over come and magiicle issue will be highly obliged
Tax avoidance. Period.
That's a lie
Shoot I’m late😬
Lol bold. Most CEOs dont take salaries these days so as not to pay income tax. Nice joke.
Raeesh lethord
Amazing work Sindy pom.
He doesn't have a salary because he doesn't want to pay taxes. Look it up fools.
But he pays taxes (~53%) when exercising those stock options.
There is a reason he has to pay ~15 Billion in taxes this/next year.
Hi
:D
I'm here very early again
You make a lot of videos on Elon Musk and Tesla. These videos are quite enjoyable and filled with information but too much of everything is boring. Elon Musk is a good businessman but he is not by any chance free from scandals.
And we all know CEOs exploit loopholes to pay less taxes. Elon Musk is no exception.
Stop making this many videos on just 1 person. People do shitty stuff all the time and Elon Musk like everyone is people.