• Jay
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    952 days ago

    $397.3 billion. That’s the estimated value of Musk’s fortune as of Tesla’s share price Thursday afternoon, amounting to a more than 4% reduction to his net worth.

    I mean, It’s a good start, but I won’t be truly happy until that fucker is living in a van down by one of the rivers he polluted.

  • @[email protected]
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    352 days ago

    Corporations should not be owned by a select economic elite, but rather by the people/labor that helped get it to this point.

    Prove me wrong. This “news” doesn’t bring me any joy, but rather disgust at an economic system that helped create these monsters.

    Musk is a permanent shit stain on humanity (no doubt), but he is just the poster boy. Billionaires in general should not exist.

    • @[email protected]
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      72 days ago

      GTFO!

      The stock is nothing more than an incoming rug pull (one that will get bailed out by the government).

      • @[email protected]
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        32 days ago

        There’s a good chance Trump’ll let this one crash and burn. It’s doubtful he’ll be willing to lend a helping hand to someone who publicly feuded with him.

        • @[email protected]
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          32 days ago

          Remember how everyone was wondering how it made sense for a guy that owns an electric car company to go Full Trump?

          • @[email protected]
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            42 days ago

            I’m pretty sure it’s a combination of drugs and an inability to cope with having a trans child while being autistic. And an ego big enough to think he doesn’t need help with any of that.

  • SeeMarkFly
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    112 days ago

    When I lose 12 Billion dollars, I have to go to bed without supper.

  • @[email protected]
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    72 days ago

    He’s just going to keep losing money. How long until the banks start calling in their debt?

    • @[email protected]
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      22 days ago

      Possibly around the 275 price point, more likely at the 250, and almost certainly before 200.

      If those numbers keep going down, he’ll be facing margin calls and a death spiral.

  • MushuChupacabra
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    2 days ago

    Major shareholders should sue the CEO and CFO for dereliction of their fiduciary duty to maximize shareholder value.

    Insisting on producing the cybertruck, the biggest lemon in history.

    CEO demonstrably destroying brand value by being a bona fide Nazi.

    • @[email protected]
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      22 days ago

      Thanks to a bullshit Texas law, you have to have 3% ownership in Tesla to sue them as an investor. And I doubt many people who still hold more than a token amount of Tesla stock would be inclined to sue anyway. All the sane investors got out of there a long time ago.

    • Nightwatch Admin
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      22 days ago

      More than a start, iirc he had 500b in December, my boi lost over a 100b in less than a year… and the outlook is great too.

  • rhvg
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    22 days ago

    Well at least we can still pretend Tesla itself is great just only Elon is crazy, so that Chinese EV can quietly take over the world.