“Tesla pardon tax bomb with bitcoin”… Related stocks KEC, MS Autotech, Myungshin Industry, Central Motech, etc.?

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Amid reports that buying a Tesla car with bitcoin could result in a tax bomb, attention is being drawn to Tesla-related stocks.


Tesla-related stocks are KEC, MS Autotech, Myungshin Industrial, and Central Motech.

As of 9:02 am on the 26th, KEC rose 2.02% (45 won) to 2275 won, MS Autotech rose 0.83% (60 won) to 7300 won, and Myeongshin Industrial rose 0.39% (100 won) to 25,450 won. , Central Motech started trading at 29,900 won, an increase of 0.67% (200 won).

On the 25th (local time), the US economic media CNBC broadcast said, “Elon Musk Tesla CEO said that you can buy Tesla with bitcoin, but that means a bigger tax bill.”

This is because virtual currencies such as Bitcoin are classified as assets, not legal currencies. This means that buying a car with bitcoin is subject to capital gains tax, which means that it may cost more than cash payments.

According to the media, the price of bitcoin a year ago was around $6,700, at which point people who bought bitcoin could buy Tesla Model 3 at five times or more cheaper.

If the holding period of bitcoin is less than one year, the market gain is classified as a short-term gain, and a normal income tax rate of 10 to 37% is applied depending on the total income. In addition, if the Bitcoin holding period is more than one year, a capital gains tax of up to 20% is added.

“It’s important to know when to buy cryptocurrency, and that will determine the tax rate,” explained one analyst.

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