doesn't usually end up in the creation of two new dog themed crypto coins that make multiple people into billionaires but that's just the norm for elon on november the NUMBER_TOKENth elon tweeted a simple poll asking if he should sell NUMBER_TOKEN of his tesla shares he also promised that he would abide by the results of the poll whichever way it went as you can imagine twitter said yes this was an extremely smart move as i honestly think he knew exactly what twitter wanted him to do what do you mean it seems like a NUMBER_TOKEN-NUMBER_TOKEN vote to me it could have gone either way well as you're probably aware investing in the stock market is such a great way to build your wealth because you don't pay any tax on the stock until you sell it and realize your gains therefore many billionaire ceos hold the majority of their wealth in company stock this means they're paying practically nothing in tax because they technically never made anything until they sell it of course that's why mark zuckerberg only takes a yearly salary of one dollar if they need money they just borrow against their stocks and still pay no tax as well as getting stock options travel and other forms of compensation it's an extremely exploited loophole but many people don't like this which i can sort of understand as i do believe billionaire should pay their fair share of tax but coming back to elon he knew this was a hot topic on twitter so it's pretty clear which way the poll was going to go this allowed him to take advantage of tesla's extremely high stock price and not looked like he had paper hands for selling NUMBER_TOKEN of his shares even his brother kimball musk took the opportunity to liquidate some of his shares for millions this might be great for the musk but as an investor this does worry ms it could cause many everyday investors to panic and follow suit which then could spark the start of a crash to be honest in hindsight this hasn't actually impacted tesla stock as much as i thought it would which i'm happy about but my worries are justified i mean just look at the effect elon had on bitcoin's price when tesla stopped accepting it as payment on that note coinbase are giving away ten dollars worth of free bitcoin this is going to be ending soon so if you're interested in picking that up then i'll leave a link in the description now we need to talk about the hurts deal as this was the main reason tesla stock pumped past the thousand dollar mark and it could be a huge weakness this caused tesla to reach a NUMBER_TOKEN trillion dollar market cap which is absolutely insane that's not far off amazon's market cap of NUMBER_TOKEN trillion dollars well i say not far but you know what i mean when hertz announced they were placing an order for a hundred thousand tesla model threes in an order totaling NUMBER_TOKEN billion dollars this caused tesla stock to surge however elon must be in the troll that he is mentioned on twitter that if the recent growth was down to the hurt still then this wasn't actually signed yet so all this hype over something that might not even happen oh my god man i can't believe it i think the point he was trying to make was that tesla doesn't need this deal to sell cars as they will be sold whether
START_SPONSOR_TOKEN that note coinbase are giving away ten dollars worth of free bitcoin this is going to be ending soon so if you're interested in picking that up then i'll leave a link in the description now we END_SPONSOR_TOKEN