Except not, cuz it’s money he doesn’t have to begin with. His net worth isn’t a pile of money, it’s a constantly fluctuating number based on what the rest of the world think the his various companies’ stock is worth. Same as if you own a house and you get a new tax assessment that says it’s worth $10,000 less than last year. Your bank account doesn’t skrink by $10,000. The max amount you are able to get a loan for might decrease a little, but other than that it’s pretty much a non-event.
In principle that could happen, but realistically I doubt Musk is anywhere near enough in hock for market fluctuations to bother him. That would be more like a Trump thing.
? This isn’t a “fluctuation,” this is his company blatantly crashing, which does affect him, especially while the stock market also crashes. He’s losing multiple billions of dollars. He had to restructure Twitter and sell it to himself. He’s also a giant idiot who hung out with Epstein.
But I do think he always planned to crash Tesla because he is crashing USD to swing into BRICS currency when it’s unveiled
Nah, it’s not crashing. The core business is still there and will be there in the future - it answers a need.
However it is a strong signal to the board of directors, which will translate if it continues to having to kick him out of any influence on the company. Basically he’s becoming a liability. Which is great. Carry on.
It made a slight recovery, but it’s significantly lower than it was a year ago. It’s gone significantly down since the Tesla protests started. It’s not a real company, so at some point it’s going to crash anyway.
My graph shows 6 months, and like I said it’s slightly higher now than it was in November. It’s not “crashing”. Also note, this is a factual observation about a stock price, not a defense of Elon Musk or “taking his side” on any subject or in any sense whatsoever.
That graph is YTD, not 12M.
It’s lower than it was in Jan 2025. But not Nov 2024.
TBH both of these graphs are short term, if this is a very hyped stock it’s hard to say what is overvaluation or undervaluation or overcorrection, or how big or prolonged any “overshooting” might be. See where it is this time next year maybe.
Except not, cuz it’s money he doesn’t have to begin with. His net worth isn’t a pile of money, it’s a constantly fluctuating number based on what the rest of the world think the his various companies’ stock is worth. Same as if you own a house and you get a new tax assessment that says it’s worth $10,000 less than last year. Your bank account doesn’t skrink by $10,000. The max amount you are able to get a loan for might decrease a little, but other than that it’s pretty much a non-event.
That said, he’ll never go broke.
His ego may get battered, but he’ll never be broke.
Unfortunately.
But he’s using his stock as collateral to get bank loans so this hurts him anyway.
In principle that could happen, but realistically I doubt Musk is anywhere near enough in hock for market fluctuations to bother him. That would be more like a Trump thing.
Two months ago I didn’t think the USA would want to annex Canada/Greenland. Anything is possible at this point.
? This isn’t a “fluctuation,” this is his company blatantly crashing, which does affect him, especially while the stock market also crashes. He’s losing multiple billions of dollars. He had to restructure Twitter and sell it to himself. He’s also a giant idiot who hung out with Epstein.
But I do think he always planned to crash Tesla because he is crashing USD to swing into BRICS currency when it’s unveiled
Nah, it’s not crashing. The core business is still there and will be there in the future - it answers a need. However it is a strong signal to the board of directors, which will translate if it continues to having to kick him out of any influence on the company. Basically he’s becoming a liability. Which is great. Carry on.
Yeah, I haven’t been wrong yet and I’ve predicted most of this months ago, but sure, suckle that copium
Tesla stock ballooned recently but it’s higher right now than it was 6 months ago, so whatever.
It made a slight recovery, but it’s significantly lower than it was a year ago. It’s gone significantly down since the Tesla protests started. It’s not a real company, so at some point it’s going to crash anyway.
My graph shows 6 months, and like I said it’s slightly higher now than it was in November. It’s not “crashing”. Also note, this is a factual observation about a stock price, not a defense of Elon Musk or “taking his side” on any subject or in any sense whatsoever.
That graph is YTD, not 12M. It’s lower than it was in Jan 2025. But not Nov 2024.
TBH both of these graphs are short term, if this is a very hyped stock it’s hard to say what is overvaluation or undervaluation or overcorrection, or how big or prolonged any “overshooting” might be. See where it is this time next year maybe.