Elon Musk Looks Desperate | How to lose $148 billion in less than two months
Elon Musk Looks Desperate | How to lose $148 billion in less than two months
Summary
Elon Musk’s fortunes have plummeted by $148 billion amid Tesla stock plunging nearly 50%, government protests, and setbacks at SpaceX and Starlink.
A White House event with Trump, meant to boost Tesla, instead highlighted Musk’s growing desperation.
Musk's other ventures are also struggling—SpaceX rockets have exploded during tests and Starlink lost a Canadian contract.
His role leading DOGE is generating backlash, with Musk appearing increasingly defeated in public appearances.
His reputation, which previously weathered controversies, now faces unprecedented challenges due to his political alliance with Trump.
I hope he loses it all
I hope he continues to suffer
He has still not lost enough. I wonder how long this "take money as a loan from the company to avoid paying taxes" will work. Hopefully, they will stop this and thus make him pay taxes for years and billions.
Elon Musk, the biggest loser of all time. Shocker.
Music to my eyes. If there ever is a person deserving of this treatment, it’s him.
You know, they say this Musk guy is such a smart businessman, but I personally have NEVER lost $148 billion, much less in the span of two months.
Isn't it just hilarious how somehow, being rich just gets one a free pass to also "be smart"?
Nobody loses anything when stock prices go down unless they start selling at a loss. Tesla stocks are up 48% from a year ago. They're only doing bad compared to 2 months ago when the price was at all time high.
I don't think that's relevant in this case because I don't think elon has the capacity to understand that. He's a man that pays to cheat in online gacha games for clout; he is not emotionally built to handle seeing number get smaller and reacting rationally to that
I don't think this is about numbers going down. Tesla stock has gone down before, without him having this reaction. I think his real problems are more personal:
- He's stretched himself too thin, and the stress is getting to him
- Related to the above, his drug abuse is getting out of hand
- He is deeply insecure, and more than anything, he wants people to think he is cool. People have made it abundantly clear that they do not think he is cool.
So it's not really about number going down, it's about people explaining number going down with "everyone hates Elon Musk".
Whether Elon understands this or not is irrelevant. The stock market's mechanics don't change based on his emotional reactions - paper losses aren't actual until realized through selling. Your assumptions about Elon's mental capacity are speculative and don't affect basic facts: Tesla stock remains up 48% over last year. If you dislike Elon, that's fair enough, but at least understand the basics before making claims about his comprehension.
Shhhh. Lemmy doesn't want to hear truth. Neither they want to hear that Musk actually doesn't own tesla, only 12.8% of it. He still has billions of his own money and is set for life.
Unless he got Luigi-ed, he has nothing to worry about.
Considering their products' build quality and service plans, I'd still short the ever-loving shit out of TSLA if I was wealthy enough to be able to qualify to take out short positions.
If he was bankrupt and on the street that still would not be enough for me at this point.
If he keeps losing money he'll eventually hit the illegal immigrant zone and get taken go Gitmo.
If I saw him homeless on The street id buy him a cake then smash the cake in front of him
For someone as monstrous as him, what punishment could even be appropriate? What possible way could such aggressively destructive and anti social behavior be rehabilitated? I struggle to call anyone a lost cause, but if anyone ever was...
I would hand him a bottle of pee if I saw him homeless on the strret.
It's almost like the whole planet is bullying xelon. He seems so sad, he's losing so much. So many negative memes & comments. Stories about how corrupt he is and how unsafe all his businesses are. I'll bet he's teetering on the edge of a MASSIVE mental meltdown. So, citizens of Earth, keep bullying elon!
all he had to do was shut up online.
That's how I feel about trump. All he had to do was keep committing fraud and crimes quietly. Instead he decided to make us all aware of what a colossal fuck up he is. Xelon is like his twin. May they both hang as US traitors.
two billionaires, unfathomably rich individuals, in the last ten years that having a good public image was overrated, but decided they'd rather use their platform to hurt people, and alienate anyone who liked them, but wasn't a raging bigot. is the allure of being mean to people on twitter.com that great?
if Musk had shut up just 5 years ago, he'd probably have more money, more respect, but somewhat less power. instead he's become the guy a lot of people are excited to see have a total breakdown, and hopefully lose everything.
when the gigafactories stop producing.
That's the name of the documentary of xelons fall from riches.
You think he'll pull a Hitler at some point?
No.
- He has no idea how to use a gun.
- If you gave him a gun other things would just get broken. He's an incompetent idiot.
Pathetic. Irresponsible. The most I’ve ever lost in a month was $20
I've been wondering about this... Billionaires do the "borrow against their holdings so they pay no taxes, do it again to pay those off, then die" thing
So his holdings doubled and crashed back down (and still falling) over the course of a few months. He leveraged a ton of it to buy Twitter, which has also crashed.
So is there a point where he loses everything? If Tesla drops too low, can they call in the debt?
He doesn't seem to own much property directly, even his mini home is basically a publicity stunt while he basically lives with various friends
So if his stocks continue to crash, is there a point where it all just falls apart?
The sad part is, even if his empire disappears, he's still gonna leave wealthier than most of us.
So is there a point where he loses everything? If Tesla drops too low, can they call in the debt?
Yes, to whatever extent that Elon-owned stock is pledged as collateral for his personal loans. Loans like that always carry provisions where the lender can call in the collateral if the value drops to a certain ratio of the overall loan balance.
So if Tesla stock plunges enough (and we have no way of knowing exactly how much is enough), that can cascade to where Elon needs to put up some cash, or other property, or pledge more shares, or it all comes crashing down where his collateral gets wiped out at the bottom.
Thanks, I thought so but it's good to have confirmation my fantasy could play out
Lovely imagery, but I think words get in the way of the magnitude of the wealth here.
There's (unfortunately) not a realistic scenario where he's not a billionaire.
It just means he'll continue to double down on his current activities. Like a cornered rat, he has nothing to lose now. So he will break every law possible to maintain.
Which is not good.
148.2 billion. He gave 200 million to Trump!
There are only about 30,000 people in the world who have a net worth of at least 100 million.
Isn't that fun! /s
How to lose $148 billion in less than two months
Step 1. Have $148 billion or more
...Shit, this guide is useless.
First it was Twitter, and now this. Boy, Elon sure knows how to make himself look like a "genius."
Trump bankrupts everything he touches, including people
Maybe he'll wake up with a conscience one day and start an epic redemption arc and... Eh, who am I kidding
That's it, elon. You're outlived your usefulness
lol what a loser.
I hope we get rid of rim soon, one way or the other.
I hate when this happens /s
This is so funny. 🤣
so far like a few months bubble bursted on tsla stock, and thats not the first time.
Here's hoping that Musk is someday forced to live on social security. Or dead. Either outcome would be fine by me.
Well, we'll all be dead someday.
Him first, so that we can piss on his grave.