What's Elon Musk will most likely do with the billions of dollars he's collected from selling shares in Tesla! Stay tuned! It seems possible, maybe even likely, that he's put at least some of the money into SpaceX, the other company of which he is CEO and primary shareholder. Most of the proceeds from his $16.4 billion in Tesla stock sales since November 8 will go to pay an estimated $11 billion federal tax bill, leaving him with more than $5 billion to do whatever he sees fit. 🔔 Subscribe to our channel to stay up to date on everything Future Technology, Innovation, Elon Musk, SpaceX, and Tesla! #ElonMusk is a man on a mission. Every decision he makes will only help catapult him and his businesses further. Musk recently sold a massive chunk of his #Tesla shares. How much did he make and what is he going to do with all that money? Let’s find out. Welcome to FUTURED, today we'll talk about why Elon Musk sold his shares and what he is going to do with the Billions of dollars. Elon Musk has sold a large number of Tesla shares #TSLA in the past. He sold shares in his company worth $16.4 billion in just the last few months. It was reported that he owes approximately $11 billion in federal taxes, and this was one of the main reasons that drove him into selling Tesla stock. To put it another way, the first use of this money will surely be directed towards paying off the tax. But that will still leave him with a huge chunk of it. We are talking about $5.4 billion! That brings us to our main question, what will Elon Musk do with all of this cash? It's possible, though not likely, that he has invested part of the money into SpaceX, his rocket company of which he is the CEO and also a major shareholder. Ideally, Musk will be left with a nest egg of more than $3 billion even if he ends up paying $2 billion more an additional income tax to the state of California, where Tesla is originally based. Given the recent relocation of both his home and Tesla's corporate offices to Texas, which has no state income tax, it's unlikely that he'll have to pay any amount of tax to California. More importantly, the footnotes in the document exposing details of the sales, as well as the timing of the past two stock infusions into SpaceX, suggest the likelihood that Musk is transferring some of his riches from publicly listed Tesla (TSLA) to shares of his privately-owned company SpaceX. Those are unusual trades for Musk, the country's most visible CEO. It's the first time in Tesla's 12-year public history that he's kept cash from the sale of the company's stock rather than selling just enough to cover future tax payments. What do you think of Musk’s strategy with all this money? Do you think it was a wise move? Let us know in the comments below. #TeslaNews #ElonMuskNews 📺 Watch the entire video for more information! 🤖 Future Technology 🚘 Tesla 🚀 SpaceX 👽 Elon Musk 👨🦲 Neuralink 🛰 StarLink _________________________________________________________________ About FUTURED 🎥 Videos about Future Technolgy News, Elon Musk News, SpaceX News, Tesla News, and much more 🎨 Written, voiced, and produced by Future Tech Zone 🔔 Subscribe now for more Future Technology, Elon Musk news, SpaceX news, and Tesla news ________________________________________________________________ Watch More Futured Videos Here: 👑 Elon Musk: https://youtube.com/playlist?list=PLga3ATNwprNMeWmxnYyWwdprubrR8OhZi 🚀 SpaceX: https://youtube.com/playlist?list=PLga3ATNwprNNMPY3qmXvQgGooJVSvgtE1 🚗 Tesla: https://youtube.com/playlist?list=PLga3ATNwprNOBI9jS2FShH2kCmmRR7aCR 🤖 Future Technology: https://youtube.com/playlist?list=PLga3ATNwprNPI1lbq90sw-CQnNU2igpd- _____________________________________________________ 💼 Business Inquiries and Contact • For business inquiries, copyright matters, or other inquiries please contact us at: sociallab236@gmail.com. ❓ Copyright Questions • If you have any copyright questions or issues you can contact us at sociallab236@gmail.com. ⚠️ Copyright Disclaimers • We use images and content in accordance with the YouTube Fair Use copyright guidelines • Section 107 of the U.S. Copyright Act states: “Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright.” • This video could contain certain copyrighted video clips, pictures, or photographs that were not specifically authorized to be used by the copyright holder(s), but which we believe in good faith are protected by federal law and the fair use doctrine for one or more of the reasons noted above.