Tesla, Inc. CEO Musk kept selling Tesla, Inc. shares on Tuesday and Wednesday, while exercising options to get more shares at a low price, according to the latest documents from the US Securities Regulatory Commission. Specifically, Musk sold a total of 1.8682 million shares in the past two days, cashing out a total of $1.782 billion (about 11.35 billion yuan), but at the same time acquired 4.1941 million shares as a result of the option exercise.

Without considering the rise in stock prices and the issue of personal income tax, the above-mentioned "high selling and low suction" operation made Musk's fortune increase by about 4.1 billion yuan (about 26 billion yuan) in a second over the past two days. This includes a net increase of 2.3259 million shares of Tesla, Inc. and $1.756 billion in cash (cash from the sale of shares minus the cost of exercising options)

In addition, Tesla, Inc. 's share price soared 7.49% to more than $1000 on Wednesday, and Tesla, Inc. rose another 5.76% to close at $1067 on Thursday. On this basis, Musk's fortune increased by another $22.739 billion (144.8 billion yuan) in just two days on Wednesday and Thursday.

In addition to operating frequently in the stock market, Musk, who is busy, also bombarded the most popular "meta-universe", saying that he "doesn't think anyone will really tie a screen to his face all day."

"sell high and suck low", Musk "increases" 26 billion yuan per second.

After Tesla, Inc. 's share price soared 7.49% on Wednesday, reaching the $1000 mark, Tesla, Inc. rose another 5.76% on Thursday, with the latest closing price of $1067, with a total market capitalization of $1.07 trillion.

Musk continued to sell Tesla, Inc. shares on Tuesday and Wednesday (December 21 and 23) while exercising options to get more new shares, according to SEC filings. On the 21st, Musk sold 934100 shares and obtained 2.089 million shares at the price of US $6.24 per share. On the 22nd, Musk sold another 934100 shares and acquired 2.1052 million shares at the price of US $6.24 per share.

In other words, Musk sold a total of 1.8682 million shares in two days, cashing out a total of $1.782 billion (11.35 billion yuan), while acquiring 4.1941 million shares as a result of the option exercise. Excluding stock price fluctuations, Musk's wealth has increased by about $4.1 billion a second by "selling high and sucking low" between buying and selling.

At the same time, Tesla, Inc. 's share price soared 7.49% on Wednesday and 5.76% on Thursday, which led to another expansion of Musk's personal wealth.

As of Dec. 22, Musk held 177 million shares in Tesla, Inc., accounting for more than 17%, according to Securities and Exchange Commission filings. With Tesla, Inc. 's share price soaring on the 22nd and 23rd, the wealth of the world's richest man has increased by about $22.739 billion (144.8 billion yuan).

In addition, in a recent interview, Musk also bombarded the meta-universe, which has recently become popular in the capital markets. "I don't think anyone would really tie a screen to their face all day," Musk said. "it's very uncomfortable. Even if the device can be designed to be very light, I still don't think anyone will want to wear it all day. "

"anyway, I don't understand it, at least not yet. Musk said that he has not seen any noteworthy meta-universe VR applications on the market, and he does not think that meta-universe will be a new trend in the near future. Musk said he was probably "too old" to understand the new technologies.

Musk also highlighted the vertigo symptoms of VR. "I tried the games on Octlus and they played well, but when I moved, it made me dizzy," he said. In the past, when we played first-person games on PC or on the mainframe, we could move very quickly in the game without getting dizzy. But wearing VR glasses can cause a lot of dizziness. "

The largest personal income tax in human history

The largest personal income tax in human history, Musk launched an online poll on Twitter in early November, saying that "recently many people think that unrealized gains are a means of tax avoidance". It also announced that it would decide whether to sell 10% of all Tesla, Inc. shares it owns based on the result of the vote.

According to its shareholding situation at that time, it is expected to reduce its holdings of 17 million shares, and the cash amount will be close to $21 billion (more than 130 billion yuan).

Since then, Musk began the journey of selling shares while exercising rights.

As of December 22, Musk had sold about 14.7687 million shares, or 86.87% of the expected total of "17 million shares," since he announced on Twitter in early November that he had reduced his 10% stake in Tesla, Inc., according to a Chinese journalist at the brokerage. He cashed out $15.409 billion (about 98.143 billion yuan), while exercising options at $6.24 per share acquired 21,307,900 shares.

That is to say, despite Musk's high-profile reduction, his Tesla, Inc. shares actually increased by about 6.54 million shares, while net cashing out of about US $15.276 billion, or about 97.3 billion yuan (the amount obtained by selling the shares minus the exercise cost).

According to the latest interview, Mr Musk claims to have sold enough Tesla, Inc. shares to reduce his holdings by nearly 10 per cent.

Mr Musk's huge cash out is for tax purposes. Of the more than 14.7 million shares in Tesla, Inc. that Mr Musk has sold, most of the proceeds will be used to pay taxes and fees related to the exercise of his options.

On Dec. 20, Musk said on Twitter that he would pay more than $11 billion (70.1 billion yuan) in taxes this year. If the payment is completed, the amount will be the highest for an individual to pay taxes to the IRS, Bloomberg reported.

Musk also said that he will pay more taxes than anyone in history. "just open your eyes for two seconds to know that I will pay more taxes this year than any other American in history."

Musk's huge amount of tax is inextricably linked to the options he previously received from Tesla, Inc.. In 2012, Musk received 25.5 million split-adjusted options. As Tesla, Inc. gradually achieved his operational and financial goals, Musk received another 22.9 million options in the years that followed. He doesn't have to pay tax on those options before he exercises them.

As the options expire in August 2022, Musk began converting them into Tesla, Inc. shares in early November. He was also required to record the transactions one by one in the filings submitted to the Securities and Futures Commission.

CNBC has previously reported that Elon Musk will face a stock option tax of more than $15 billion in the coming months.

The agency continues to be optimistic about Tesla, Inc. and the industry chain of new energy vehicles.

Nearly a month later, Tesla, Inc. 's stock price has risen by leaps and bounds again. How do institutions view the future trend of Tesla, Inc. and related industrial chains?

Gene Munster, an analyst at venture capital firm Loup Ventures, said on WednesdayThe timing of Mr Musk's sale of Tesla, Inc. shares is "quite sensible" because investor enthusiasm for the electric car industry is likely to decline in 2022 and maintain the stock's target price of $2500.

CSC FINANCIAL CO.,LTD thinksFrom January to November 2021, the cumulative sales of new energy vehicles in the United States were 550000, which was + 96% compared with the same period last year, and the cumulative penetration rate was 3.9%, which was + 1.7pct for the whole of last year. Sales in the United States are expected to reach 630000 in 2021, double that of the same period last year. Among them, Tesla, Inc. led the sales of new energy vehicles in the United States to grow by 8% month-on-month in November, with a penetration rate of 5.6% reaching an all-time high. Tesla, Inc. 's domestic sales drive led to a month-on-month increase in overall electric vehicle sales, with November sales totaling 34000, the highest in a single month.

Soochow Securities believes thatTesla, Inc. made a profit for nine consecutive quarters, with a record net profit: Tesla, Inc. 's 2021Q3 revenue was 13.757 billion US dollars, up 57% from the same period last year and 15% from the previous month, mainly due to increased vehicle sales and lower costs. Tesla, Inc. 's long-term (2030) sales target is 20 million vehicles, reflecting growth confidence. In terms of production capacity, Tesla, Inc. is expected to have an effective production capacity of about 1.6 million vehicles in 2021 and further expand to 2.45 million vehicles in 2022. Homemade batteries are being trial-produced at a plant in California, and we expect mass production to reach 8GWh in 2022.

Soochow Securities believes thatDomestic passenger cars wholesale 429000 in November, compared with + 132% peg 18%, super-market expectations, domestic sales are expected to exceed 3.45 million in 2021. At the same time, 2022 will be a big year for the replacement cycle of new power models, and sales are expected to double. Domestic sales in 2022 are expected to be 5.5 million +, an increase of 60%. Be optimistic about the battery link of profit repair next year, the long-term pattern is the best, and the demand for energy storage will be blessed next year; followed by the recent upgrading of battery technology, high-nickel three-way positive electrode; again, the continuous shortage of negative electrodes and copper foil next year. Diaphragm, lithium carbonate, Tianqi lithium industry, electrolyte and so on.

CITIC thinksAutomobile electrification transforms the drive system from traditional "engine + gearbox" to "battery + motor + electronic control", the supply chain changes from closed to open, and China's electrified supply chain has gone to sea by virtue of cost advantage. In the future, intelligence will become the winner of the industry competition. Chinese car companies are expected to continue to expand their leading advantage over overseas car companies by virtue of first-mover advantage and rapid iteration, so as to lay a solid foundation for overseas market expansion. Chinese car companies such as BYD, Great Wall, NIO Inc. and XPeng Inc. have begun to export overseas. It is expected that Chinese car companies will continue to increase their overseas sales in the future, realizing the qualitative change of China's automobile industry from "supply chain going out to sea" to "whole vehicles going out to sea".