Elon Musk’s Genius Mindset 🚀🧠

Faaz News

Elon Musk is known for his sharp, strategic mind that reshapes entire industries. From SpaceX to Tesla, he uses smart business planning and innovation to stay ahead of the competition. His ability to think differently, cut unnecessary costs, and maximize efficiency is unmatched.

Transcript

00:00Elon Musk is interesting. He chose to get paid not in salary. It's because you are taxed not on

00:09your income. That's not what the tax code says. You are taxed based on your taxable income. And

00:14so what Elon Musk did is when he was building Tesla, he negotiated with the investors and the

00:21board. I want to get paid not with a salary. I want to get paid with stock options. And he was

00:26awarded these Tesla stock options at about $6 a share. He was given millions and millions

00:32and millions of these stock options. And so now when the Tesla stock goes up to $100 a share,

00:37now he is rich on paper. He doesn't have any money in his bank. But if he sold that stock,

00:43he would have $94 of income. Now you have a tax because you have taxable income. So instead what

00:48he does is he goes to the bank and he says, hey bank, I have these millions and millions of stock

00:55options. Would you like to loan me $10 million? No bank is going to say no. Now he has $10 million

01:00in his bank account, but it's not an income. It's debt. Debt is not taxed. So now he gets this

01:06$10 million of loans that he can spend to buy a house, to buy a car, to buy food, to buy

01:11a vacation, to buy whatever you want, to buy Twitter, to buy Twitter, and pay no money in

01:15taxes. And it's 100% legal.

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