Elon Musk Brilliant Tax Strategy losing $25 Billion Dollars on purpose after buying X (aka Twitter)

Social media platform X, formerly known as Twitter, has valued its equity at $19bn, the company told employees, a year after Elon Musk acquired it in a $44bn deal. Prompting him to seem like he lost $25M on this acquisition ON PAPER.

He then took it to private and delisted Twitter from the stock exchange, renaming the company to “X” right after.

In an internal note sent to staffers on Monday, the company said it was awarding equity, or restricted stock units, to employees at $45 a share, according to two people familiar with the matter.

Based on the employee equity plan, that gives it a valuation of around $19bn, the document said. The new valuation, first reported by Fortune, comes a year after Musk, the billionaire entrepreneur and Tesla chief executive, acquired the company for $44bn, including $13bn of debt, just before a tech stock sell-off.

Fans, shareholders, enthusiast went apeeee-sh*t after hearing this. How can a brilliant business man with big ambitions to take human civilization to Mars make such a fatal financial mistake….?

Guys… trust me, it’s all part of his Chess move while on news & social media it made him seem incompetent with this one DECISION.

Hear this theory out..

So if you have a public company, you have to

1) Declare when it sells

2) Changes Shareholder

So what Elon and his brilliant tax team did is

1. Bought Twitter

2. Made it Private

3. Renamed it X

4. Sold the company to another company that “he also owns w/ the same exact shareholder on it” from $19 Billion which was the recent value

This created a $25 Billion DOLLAR! paper loss that Elon probably used to cover up GAINS $$$ on other companies allowing him to still remain control, still own the company, and show a $25 Billion dollar loss on paper.

And he can do this because the tax code allows you to take Capital losses and apply them capital gains in the same tax year and roll those capital losses forward.

And lastly, he doesn’t have to disclose who those shareholders are or the sale of those stocks to shareholders because its a private company.

What do you think of this theory?

Like Always,

Felix