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90% of what is keeping Tesla's value is the tech bro community's absolute belief in Elmo. If he sold all of his shares the value of the stock would plummet to almost zero. Hell if he even just sold a moderately large portion of his shares the stock price would plummet dramatically. That's why he's always so reluctant to sell his stock and basically uses it to leverage loans.
That's not why. The why is to avoid a taxable event.
He actually had to sell some of his stock to pay taxes a couple of years ago. And when he did so it dramatically dropped the price of the stock. So no. There's a rule in place that if you have a stock for X amount of time you do not have to pay taxes on it when you sell it.
You pay less taxes on long term, but not no taxes. That's why you take loans against it.
Thank you for confirming my point.
I think we are lacking reading comprehension skills.
Selling stock = taxable event, taxes (big or small).
Getting a loan against stock = no taxable event, zero taxes.
And the more stock he has and the more it's worth, the more money he can get from a loan based on it.
My point is still standing, the thing keeping him from selling his stock is not the taxes it's the value of the stock.
This was literally proved when he sold some of his stock to pay off taxes that he owed. Bitching on twitter the entire time about it as well.