Tesla boss Elon Musk has had a fairytale ascent.
The multi-entrepreneur is now the second richest person on the planet.
But the treasury is already lurking.
Elon Musk is
causing a sensation worldwide.
The e-car pioneer
Tesla
is worth almost three times as much as
BMW
,
Daimler
and
VW
combined.
But the sharp rise in the share price could
now become a problem
for the
Tesla
boss.
Update from December 7, 2020, 2:51
p.m.:
Tesla
boss
Elon Musk
is the economic
climber of
the year.
Since the beginning of the year alone, the share of the electric car pioneer has risen 540 percent.
The rally gave Musk a staggering increase in wealth.
The multi-entrepreneur's fortune is now estimated at $ 139 billion.
In the ranking of the super-duper-rich, only
Amazon
boss
Jeff
Bezos is
ahead of the physicist and economist.
But the unexpected bull market could still become a real problem for Musk.
Should he decide to redeem his stock options, up to $ 18 billion in income tax would be due overnight under California law.
This is what the Bloomberg news agency has calculated.
Science is discovering the essential truths about what exists in the universe, engineering is about creating things that never existedhttps: //t.co/aIEUtHoPxM
- Elon Musk (@elonmusk) December 2, 2020
The prospect of a possible billions in the tax bill seems to worry Musk.
Musk is said to have confided in friends that he will be moving to Texas with his family soon, reports CNBC.
Musk is a regular in Texas anyway.
Musk's space company
Space X
sends
rockets into space
from the launch pad in the Texan coastal town of Boca Chica
.
In addition,
Tesla
has been building another
GigaFactory
in the Texas capital
Austin
since July
.
In addition to the shorter distances, there is another argument in favor of Texas.
In the conservative state on the border with Mexico, the tax authorities are unusually frugal.
This also applies to stock options.
They're completely tax-free in Texas.
Tesla boss: "Our shares can be crushed like a soufflé by a sledgehammer"
First report from December 2, 4:36 p.m.
-
Tesla
* boss
Elon Musk
has urgently warned the employees of the Californian electric car pioneer of decreasing cost discipline.
“In times like these, when our stock keeps making new highs, it seems like spending care isn't that important.
That is definitely not true, "wrote Musk in an email to the
Tesla
employees, which is available on the US website
Elektrek
.
With a margin of one percent, Tesla's profitability was recently "very low".
Investors would trust in significantly increasing profits in the future, wrote Musk in his circular.
Should the shareholders at some point come to the conclusion that "this does not happen, our shares will be crushed like a soufflé under a sledgehammer!"
Tesla: Car maker with strong development
Tesla
had reported losses for years and was now close to bankruptcy.
In the past five quarters, however, the automaker has been profitable.
The group owes this primarily to the sale of CO2 certificates.
It was only in the third quarter that
Tesla made
a significant operational step forward.
The bottom line was that the Californians earned $ 331 million from July to September, almost twice as much as the previous year.
In terms of deliveries, too, there was an unexpectedly strong * increase of 43 percent to 139,000 vehicles, as the company announced on Friday.
Analysts
, however, had only expected
Tesla
to have 129,500 cars for July to September.
Tesla: The e-car pioneer’s market value dwarfs German carmakers
The development recently caused euphoria on the stock market.
Since the beginning of the year alone, the
Tesla share
* has risen a good 520 percent.
With a market value of almost 440 billion euros,
Tesla is
now worth almost 2.5 times as much as the German car
manufacturers BMW
*,
Daimler
and
Volkswagen
* combined.
The course rally also made Elon Musk a super rich man.
With an estimated fortune of around 128 billion dollars, the multi-entrepreneur has just
overtaken
Microsoft
founder
Bill Gates
and is now the second richest person in the world behind
Amazon
boss
Jeff Bezos
.
* Merkur.de is part of the Ippen Digital editorial network.