Mark Moss breaks down why selling Tesla stock cost more than the sale price. The seller forfeited $12 billion in missed appreciation, and Moss argues that liquidity needs, not fundamentals, drove the decision to sell.
ultimately fund the deal, he ended up selling billions of dollars of Tesla stock. And this is the part that, that people usually miss. You see, the cost of selling those shares wasn't just they were worth the day that he sold them, it was all the future compounding he gave away with them. Now, by my calculations, as Tesla has continued to move higher since that sell went through, he's lost over $12 billion. Now, every dollar that Tesla continues to go up from here forever, he's going to continue to lose the profit he would have made if he would have been able to hold on to those. So he didn't sell because Tesla suddenly became a bad asset. He sold because he needed liquidity for another transaction. That's the distinction.
