begin quote from:

https://www.cnn.com/2022/01/02/investing/elon-musk-tesla-stock-sales-spacex-investment/index.html

Here's what Elon Musk is likely to do with those billions of dollars in stock sales

By Chris Isidore, CNN Business

Updated 9:00 AM ET, Sun January 2, 2022

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New York (CNN Business)What's Elon Musk doing with the billions he's collected in the past two months from selling shares in Tesla?

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.

Even if he ends up paying $2 billion in additional income tax to the state of California, where Tesla was based for most of the year when he was granted the options on which he will now owe taxes, Musk will be left with a nest egg of more than $3 billion. And his recent moves of both his own residence and Tesla's corporate headquarters to Texas, with its zero state income tax, makes it unlikely he'll have to pay the maximum possible tax to California.