The US "Time Magazine" named Musk the 2021 Person of the Year, and Musk's widespread attention this year is undoubtedly his large-scale selling of stocks, Musk's reason for selling stocks is to pay taxes, but if you look back at his continuous selling of assets in recent years, this may not be as simple as paying taxes, it is likely to be for the scale of the unprecedented economic bubble in the United States.
Looking at the U.S. stock index, we can see that since the 2008 financial crisis, the U.S. stock index has risen from more than 6400 points to a maximum of more than 3600 points, almost up 5 times, and the index has set a record high, which can be described as a serious bubble.
In addition to the US stock market has already broken the 2007 index high, the real estate prices that caused the 2008 financial crisis have already exceeded the 2007 high, indicating that there is also a serious bubble in the US real estate market.
In the case of a bubble in the US economy, the new crown epidemic is leading to a new round of tests in the United States, and the number of new crown confirmed cases in the United States has exceeded 200,000 in recent days, which is the third wave of the new crown epidemic in the United States last year, but the number of new crown confirmed cases has not exceeded the previous two peaks, and the new crown epidemic continues to cause a new round of blows to the US economy.
Recently, the United States has stated that it will raise interest rates, so as to attract countries around the world to increase their holdings of US bonds, and many countries have also increased their holdings of US bonds and resolved the US debt crisis; another reason forcing the United States to raise interest rates is the high inflation in the United States, which has hit a new high in nearly 40 years, and the high inflation has forced the United States to raise interest rates. Interest rate hikes could be a major blow to the current U.S. economic bubble, with rising U.S. stocks and U.S. property markets falling as a result.
Musk is well known to the world because he founded Tesla and SpaceX, Tesla's success has made him famous, thus becoming the world's richest man, but the industry believes that Musk is not only a simple entrepreneur, his capital operation ability is the industry leader.
Since the establishment of Tesla for more than a decade, Tesla has continued to lose money, if it is an ordinary person's loss for such a long time, it has collapsed early, and Musk has used capital operation to maintain it, and after solving the production capacity hell in 2019, Tesla's delivery volume has begun to surge, and Tesla's stock price has also soared like a rocket, achieving Musk's reputation.
Today's Tesla market value has reached trillions of dollars, but its car sales this year are still working hard to break through the millions, and the market value of toyota, a strong automobile company, is only more than $250 billion, and Toyota's car sales are nearly ten million, and the comparison can be seen that Tesla has obvious bubbles.
Superimposed on the bubble impact of the US economy, as a master of capital operation, can't Musk see the bubble in it? At this time, Musk sold all of his properties, and also sold Tesla stock on a large scale, and if he completed the planned sale of stocks plus selling assets such as properties and obtained cash, he would have already covered his plan to pay $11 billion in taxes this year, becoming the most taxed person in U.S. history.
It can be speculated that the reason for Musk's large-scale cash-out may not be to pay taxes, but may be to cope with the economic underestimation caused by the bursting of the US economic bubble that may be encountered next, which is undoubtedly a godsend for him who is good at capital operation. In fact, it is not a coincidence that not only Musk cashed out in a big way, but there are also many well-known rich people in the United States who cashed out in a big way, including Amazon founder Bezos.