Those headlines always make it seem like a big deal, but I’ll only allow myself some joy when I’ll know for sure Elon Musk will be homeless. Times and times again I’ve seen headlines like this, where billionaires are losing billions, the stock market is crashing, it’s never been this bad!!! But in the end, they eventually get those billion back and nothing changes.
I agree with you. Musk alao has a long history of manipulating Teslas stock prices up and down for his own eventual benefit.
He won’t be homeless, but most of his ‘wealth’ is just the value of that stock. The lower it is, the less of a threat he is.
Didn’t he buy twitter with a loan backed by his Tesla stock?
If that’s the case and the price is falling enough then the bank could/have called that in. Resulting in the forced sale of his stock.
Which would be very funny.
If self-preservation is an instinct these banks possess, they should all be calling in Musks loans right now.
The banks bankrolled twitter to create a controlled propaganda outlet and enabled their boy to directly influence the federal government. I think their investment turn out very well for them.
And they’re undoubtably confident a taxpayer bailout would fill any loss that might occur. And it’s unfortunately a solid bet.
Along with P Diddy and some money came from other very questionable backers
The tumble erased the last vestiges of the rally Tesla enjoyed after Trump’s election victory in November, when investors clearly felt that a company run by the president-elect’s largest Super PAC donor was a smart bet. It has lost more than 50 percent of its value — the equivalent of some $800 billion — since cresting in mid-December.
I’d like to see this go to zero.
He also replied to a self-identified nationalist user’s groundless claim that “groups” attacking Tesla property are “inspired by” Luigi Mangione, the alleged murderer of UnitedHealthcare CEO Brian Thompson. “Wow,” he wrote.
If only.
Margin call incoming? Would be terrific.
This is music to my ears
Unsurprisingly, Musk has disparaged Tesla Takedown as something astroturfed by wealthy liberals (and conflated the peaceful movement with attacks in which suspected arsonists threw Molotov cocktails at dealerships). On Saturday, he claimed without evidence on X that an “investigation” of some kind had revealed that wealthy philanthropists including George Soros, Reid Hoffman, and Leah Hunt-Hendrix were funding the groups behind Tesla protests through the Democratic fundraising platform ActBlue. Aside from misrepresenting how ActBlue works — it doesn’t fund anything but is rather a system through which donors can send money to Democratic political candidates and liberal organizations
“It couldn’t possibly be the consequences of my actions, it’s wealthy liberals conspiring against me!”
He deserves it and so much more.
Molotovs? I think you mean Jewish space lasers!
Also I think it’s worth noting that he has hitched his cart to trump who has so far avoided any consequences.
If there was any proof that there is no “higher power” and that the universe doesn’t care about humanity one way or the other, that would be a very good example.
Surely he doesn’t mean the kind of wealthy liberals who would purchase a luxury electric car like a Tesla and who also don’t like authoritarians?
This is the most confusing thing to me. We always hear about how these people are only “billionaires” on paper, and any money they spend is borrowed with the investments used as collateral.
So if they continue to fuck consumers, the consumer economy collapses eventually. At that point, they’re no longer billionaires. The only people who will continue to be rich will be those directly controlling resources.
Why would anyone running a company selling ads on websites, or selling goods to consumers, intentionally fuck consumers? It makes no damn sense, and fucks these on-paper billionaires in the long run. If you make the dollar worthless, what’s the point of having the most dollars?
Why would anyone running a company selling ads on websites, or selling goods to consumers, intentionally fuck consumers? It makes no damn sense, and fucks these on-paper billionaires in the long run.
Because they aren’t intentionally fucking consumers, they’re fucking idiots and that’s too many steps ahead for them to consider the consequences of their actions.
They don’t like taxes, because taxes reduce their Capitalism High Score. They don’t like oversight because they don’t like being told what to do or spending their Capitalism High Score on unnecessarily things (like making sure people don’t die).
That’s as far as the thought process goes: “I don’t like paying money, so I’m going to try to make it so I don’t have to pay money.” They are too stupid to consider the consequences beyond that.Seems like the expected outcome of basing the economy on maximizing the next profit quarter without concern for long term consequences.
Musk is slowly arriving at the horrifying realization that actions have consequences.
I think he needs to do something bold to silence all the haters. He needs to ride that next Starship launch personally. He should bring his pet president along too. Safety regulations be damned! It’s time for action.
& J.D. Vance also!
Burn baby burn.
You said there was going to be pain.
Still one of the best threats in film.
This whole movie is endlessly quotable.
I need to rewatch this movie again.
What movie? Is it The Princess Bride? I’ve heard people talk about that movie all the time and I’ve never seen it.
Yes, but he didn’t mean that he would be one of the people in pain!
leopards eating their own faces
Maybe more ketamine will help.
gave what was widely recognized as a Nazi salute at an inauguration event,
Short of officially stating it but at this point I’ll take it.
Does he not know that ANTIFA and the Enola Gay conspired to take him down? And he didn’t mention me, a zuper, zuper wealthy libtard, who financed all this with hundredz of my millionzzzzz. I em… effendead SIR! May your batteries randomly combust.
“Stand With Tesla.” Musk reposted it to his massive audience, but the sentiment didn’t prevent him from losing $23 billion the following day.
