this post was submitted on 24 Feb 2025
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You have my full support and i fully agree on your last point but in nuance Tesla could go bankrupt and Musks wealth will hardly make a dent. With a budget of spending a mil a day it would still take centuries to blow trough all his money.
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.