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Elon Musk has sold $ 1,020 billion worth of Tesla shares in recent days

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Elon Musk has sold $ 1,020 billion worth of Tesla shares in recent days

Since November, Elon Musk has sold about $ 15 billion worth of shares in an electric car company.

According to the market, the multimillionaire also exercised a call option on 1.6 million Tesla shares at $ 6.24 as part of the compensation package agreed in 2012.

Currently, the value of one share is $ 1,077.

The Wall Street Journal reported that Musk’s stake in Tesla is now about 177 million shares, and Forbes ranks this businessman as the richest man in the world, his fortune is estimated at $ 275 billion.

Elon Musk is not paid for his role as CEO of Tesla or the aerospace company SpaceX, instead he is paid in shares of both companies.

This decision allowed the businessman to avoid paying taxes on his wealth, because in the United States taxpayers pay taxes only on their income or on the sale of shares.

In early November, Musk surveyed his 62.5 million Twitter followers to find out what they thought he could reduce his stake in Tesla by selling shares.

“There has been a lot of talk about unrealized profits as a way to avoid paying taxes, so I propose to sell 10% of my shares in Tesla. Support? Musk asked.

In the end, most of the answers were yes, after which the multimillionaire sold shares worth $ 14 billion.

Musk investigated before the series of stock options he received in 2012 as payment for his duties as Tesla CEO expired in August 2022.

If he waited until 2022, Musk would have to pay higher taxes.

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Several specialist media outlets noted that Musk is funding his lifestyle with loans he receives, backed by Tesla stock, allowing him to cut his tax returns.

This year, news organization ProPublica released a report that revealed that Musk paid $ 455 million in taxes between 2014 and 2018, despite his assets growing by $ 13.9 billion over that period.

And in 2018, they did not pay federal taxes.

In 2020, Musk has already moved his official residence from Los Angeles, California, where he has lived for the past 20 years, to Austin, Texas. Changing your place of residence can significantly reduce the taxes you pay.

And in October, Musk announced that he would move Tesla’s headquarters from Palo Alto, also in California, to Austin, which he justified the high cost of living in California.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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