Transcription
Elon Musk, he never got paid a salary running and owning Tesla. He got paid in stock options.
The stock options that he gets, or originally got, were at $6 a share. So when the stock went up to $11,000 a share and he was given millions of these stock options, now he has on paper a lot of money. But that money isn't in his bank account.
So what he does is, instead of selling it and having an income, he goes to the bank and says, "Hey, I have these stock options which are worth billions of dollars. How about you give me a loan?" No bank is going to say no to that because the value of this is so much.
The billions of dollars, he takes that loan, pays 3 to 4 to 5% interest on it. And if his company grows, his stock value grows by 6%, he just made a profit. Doesn't pay any taxes and is able to now spend his money, live free, buy whatever he wants, live rich.