this post was submitted on 24 Feb 2025
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Isn't most of his wealth in stocks? If investors think Tesla is a bad stock (because no one will buy the cars), then Musk is poor.
Actually you are correct. I thought i had found a number for his liquid money but it wasn’t.
Also got a bit hung up on his stake in Tesla being just 13% but with Tesla being valued at ~900B thats still over ~100B of his ~320B “value”
Someone on Lemmy once calculated that he could lose 99% of his net value, then lose 99% of what's left and he'd still be a multimillionaire. From the 320B, that would still leave him with 32M.
Also worth noting that he's stated himself that his companies' values are all heavily tied together, and that it's a "carefully balanced house of cards". If Tesla falls, so to does everything else.
Sooner than later his shareholders will sue him for burning their money. This should be interesting.
Yes it is, and crashing Tesla stock will certainly make him less rich. He still has his other shit companies, so crashing Tesla stocks alone won't make him poor, but we might not have to hear quite so much about him.
Tesla and space x are the big ones.
Agreed, and a big advertisor exodus from Twitter would help.
You didn't hear? They're coming back as "not advertising is more risky" now that he has all this power...