Summary
Multiple Tesla executives and board members, including James Murdoch, Robyn Denholm, Kimball Musk, and CFO Vaibhav Taneja, have sold over $100 million in company stock amid a 50% price decline since December.
Tesla’s market cap has dropped $800 billion, reducing Elon Musk’s net worth by approximately $100 billion.
The selloff coincides with consumer backlash against Musk’s role in the Trump administration as head of DOGE.
“To whom, Ben? Aquaman?!”
To the rubes wayching Fox News when the Commerce Secretary came on and begged people to buy the stock
You know… Selling properties at risk of sea level rise to climate deniers would solve a lot of problems.
I’ve been wondering if Florida already does a variation of this.
I have a friend who retired to Florida and I asked him about that. His answer was that they should be ok for the couple decades of his remaining average life expectancy and he has no one to leave an inheritance for. He has to reason to care about his home holding value, nor whether it stays dry long term as long as it’s dry for him. I guess not really denial but calculated self-interest.
So is this just my friend or is this common? It would fit with the all too common attitude of not caring about building a better future. This is where an effective functional government would step in with the long term perspective but we can’t expect that
Birth rates are declining, so it’ll be becoming more common.
I think not many people have a really good understanding of rates of change. The actual impacts are pretty stochastic, so even if things get 10x worse there’s lots of places that will remain unscathed.
Looking at this article I’m surprised they are not selling more and faster: https://discuss.tchncs.de/comment/17090899
Mines paid off and will be driven into the ground, there is no ethical consumption under Capitalism…
