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.
Burn baby burn.
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.
This is music to my ears
Margin call incoming? Would be terrific.
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.
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.
PLEASE just let this nightmare end. There’s no funerals I look forward to more than the two fucking pieces of dog feces running the show right now.
I have violent fantasies about Elon Musk. I have never been in a fight as an adult, but I lust to hurt that guy. I can go into detail about it…
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
Can’t wait until he follows his leader.
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.
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.
Would sacrificing personal wealth to do “good” for the country make MAGA love him more?
Wheeeeeeeeee :D
