$397.3 billion. That’s the estimated value of Musk’s fortune as of Tesla’s share price Thursday afternoon, amounting to a more than 4% reduction to his net worth.
I mean, It’s a good start, but I won’t be truly happy until that fucker is living in a van down by one of the rivers he polluted.
I can lose 4% of my money buying lunch.
A van is too nice, tbh. Give him a waterlogged fridge shipping box
Oh, so Cybertruck then
Can you imagine losing 12 billion dollars and it having literally 0 effect on your life
Corporations should not be owned by a select economic elite, but rather by the people/labor that helped get it to this point.
Prove me wrong. This “news” doesn’t bring me any joy, but rather disgust at an economic system that helped create these monsters.
Musk is a permanent shit stain on humanity (no doubt), but he is just the poster boy. Billionaires in general should not exist.
The “public” title is certainly misleading in that sense. Nonprofits are more deserving of that title.
They all need to be killed.
Good, but still not enough.
So anyway, what did everyone have for lunch today?
I had peanut butter, bananas, carrots, and rice
When I lose 12 Billion dollars, I have to go to bed without supper.
Major shareholders should sue the CEO and CFO for dereliction of their fiduciary duty to maximize shareholder value.
Insisting on producing the cybertruck, the biggest lemon in history.
CEO demonstrably destroying brand value by being a bona fide Nazi.
Thanks to a bullshit Texas law, you have to have 3% ownership in Tesla to sue them as an investor. And I doubt many people who still hold more than a token amount of Tesla stock would be inclined to sue anyway. All the sane investors got out of there a long time ago.
He’s just going to keep losing money. How long until the banks start calling in their debt?
Possibly around the 275 price point, more likely at the 250, and almost certainly before 200.
If those numbers keep going down, he’ll be facing margin calls and a death spiral.
That’s what I pray for every night, even if I’m an athiest.
So far…
It’s a nice start.
More than a start, iirc he had 500b in December, my boi lost over a 100b in less than a year… and the outlook is great too.
Well at least we can still pretend Tesla itself is great just only Elon is crazy, so that Chinese EV can quietly take over the world.
KEEP GOING
And the stock price is still above 300.
GTFO!
The stock is nothing more than an incoming rug pull (one that will get bailed out by the government).
There’s a good chance Trump’ll let this one crash and burn. It’s doubtful he’ll be willing to lend a helping hand to someone who publicly feuded with him.
Remember how everyone was wondering how it made sense for a guy that owns an electric car company to go Full Trump?
I’m pretty sure it’s a combination of drugs and an inability to cope with having a trans child while being autistic. And an ego big enough to think he doesn’t need help with any of that.
