Rivian Automotive Inc (RIVN)

[Dell_Griffith]

Your theory would work if he hadn't run a "poll" about selling and then his brother DUMPING the day before the poll.

He's taking advantage of Tesla being grossly overvalued and his fear of viable competition.

The wealthy would still only pay 25-30% Federal on those long-term cap gains, so if he believed appreciation of Tesla was likely, he'd hold, but he and his brother don't, so they're dumping out.

When Musk moves to Texas next year, he won't be paying any taxes, as the state income taxes is zero.

But yes, that's only at the State level. Either way, he'll still have Fed taxes to pay, but a poll? Seriously? What other CEO would do that? It's manipulative as hell and the stock got hammered because of his tweet.

Plus, that tax bill isn't final yet. He likely has another year before those laws go into effect and it may not even hit until 2023.

He's selling because he AND his brother are locking in gains they think may be disappearing. His brother's dump was more than borderline.