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Seen in London (apparently) (sh.itjust.works)

submitted 5 months ago by Yerbouti@sh.itjust.works to c/memes@lemmy.world

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[–] Genius@lemmy.zip 21 points 5 months ago (2 children)

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.

[–] webghost0101@sopuli.xyz 11 points 5 months ago (2 children)

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”

[–] hessenjunge@discuss.tchncs.de 1 points 5 months ago

Sooner than later his shareholders will sue him for burning their money. This should be interesting.

[–] hovercat@lemmy.blahaj.zone 1 points 5 months ago

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.

[–] FanciestPants@lemmy.world 6 points 5 months ago (1 children)

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.

[–] P00ptart@lemmy.world 6 points 5 months ago (1 children)

Tesla and space x are the big ones.

[–] FanciestPants@lemmy.world 3 points 5 months ago (1 children)

Agreed, and a big advertisor exodus from Twitter would help.

[–] BrowseMan@sh.itjust.works 1 points 5 months ago

You didn't hear? They're coming back as "not advertising is more risky" now that he has all this power...