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He has still not lost enough. I wonder how long this "take money as a loan from the company to avoid paying taxes" will work. Hopefully, they will stop this and thus make him pay taxes for years and billions.
If he was bankrupt and on the street that still would not be enough for me at this point.
If he keeps losing money he'll eventually hit the illegal immigrant zone and get taken go Gitmo.
If I saw him homeless on The street id buy him a cake then smash the cake in front of him
For someone as monstrous as him, what punishment could even be appropriate? What possible way could such aggressively destructive and anti social behavior be rehabilitated? I struggle to call anyone a lost cause, but if anyone ever was...
Nobody loses anything when stock prices go down unless they start selling at a loss. Tesla stocks are up 48% from a year ago. They're only doing bad compared to 2 months ago when the price was at all time high.
I don't think that's relevant in this case because I don't think elon has the capacity to understand that. He's a man that pays to cheat in online gacha games for clout; he is not emotionally built to handle seeing number get smaller and reacting rationally to that
I don't think this is about numbers going down. Tesla stock has gone down before, without him having this reaction. I think his real problems are more personal:
So it's not really about number going down, it's about people explaining number going down with "everyone hates Elon Musk".
Shhhh. Lemmy doesn't want to hear truth. Neither they want to hear that Musk actually doesn't own tesla, only 12.8% of it. He still has billions of his own money and is set for life.
Unless he got Luigi-ed, he has nothing to worry about.
It's almost like the whole planet is bullying xelon. He seems so sad, he's losing so much. So many negative memes & comments. Stories about how corrupt he is and how unsafe all his businesses are. I'll bet he's teetering on the edge of a MASSIVE mental meltdown. So, citizens of Earth, keep bullying elon!
all he had to do was shut up online.
That's how I feel about trump. All he had to do was keep committing fraud and crimes quietly. Instead he decided to make us all aware of what a colossal fuck up he is. Xelon is like his twin. May they both hang as US traitors.
two billionaires, unfathomably rich individuals, in the last ten years that having a good public image was overrated, but decided they'd rather use their platform to hurt people, and alienate anyone who liked them, but wasn't a raging bigot. is the allure of being mean to people on twitter.com that great?
if Musk had shut up just 5 years ago, he'd probably have more money, more respect, but somewhat less power. instead he's become the guy a lot of people are excited to see have a total breakdown, and hopefully lose everything.
when the gigafactories stop producing.
That's the name of the documentary of xelons fall from riches.
I hope he continues to suffer
You know, they say this Musk guy is such a smart businessman, but I personally have NEVER lost $148 billion, much less in the span of two months.
Isn't it just hilarious how somehow, being rich just gets one a free pass to also "be smart"?
Music to my eyes. If there ever is a person deserving of this treatment, it’s him.
I've been wondering about this... Billionaires do the "borrow against their holdings so they pay no taxes, do it again to pay those off, then die" thing
So his holdings doubled and crashed back down (and still falling) over the course of a few months. He leveraged a ton of it to buy Twitter, which has also crashed.
So is there a point where he loses everything? If Tesla drops too low, can they call in the debt?
He doesn't seem to own much property directly, even his mini home is basically a publicity stunt while he basically lives with various friends
So if his stocks continue to crash, is there a point where it all just falls apart?
The sad part is, even if his empire disappears, he's still gonna leave wealthier than most of us.
No, he'd be killed. He's made too many enemies... Both in his peers for revealing himself to be a liability, and among the working class worldwide
If he falls out of grace, he's going down like Epstein, if not by the adjuster
Lovely imagery, but I think words get in the way of the magnitude of the wealth here.
There's (unfortunately) not a realistic scenario where he's not a billionaire.
You want me to paint a picture? I'm watching a god bleed, and now I'm wondering what it takes for one to fall
You can say it's impossible, but we're in the onion timeline. We're so far beyond anything humanity has ever gone through before... History might rhyme, but we're in uncharted territory
Nah this is charted out somewhat well. There have been many untouchable folks with so much wealth, power, and influence so as to be almost divine in folks eyes. While plenty have lived into old age plenty still died choking on their own blood with a noose around their neck. I'm hoping for the latter personally.
So is there a point where he loses everything? If Tesla drops too low, can they call in the debt?
Yes, to whatever extent that Elon-owned stock is pledged as collateral for his personal loans. Loans like that always carry provisions where the lender can call in the collateral if the value drops to a certain ratio of the overall loan balance.
So if Tesla stock plunges enough (and we have no way of knowing exactly how much is enough), that can cascade to where Elon needs to put up some cash, or other property, or pledge more shares, or it all comes crashing down where his collateral gets wiped out at the bottom.
It just means he'll continue to double down on his current activities. Like a cornered rat, he has nothing to lose now. So he will break every law possible to maintain.
Which is not good.
I hope he loses it all
First it was Twitter, and now this. Boy, Elon sure knows how to make himself look like a "genius."
How to lose $148 billion in less than two months
Step 1. Have $148 billion or more
...Shit, this guide is useless.
Pathetic. Irresponsible. The most I’ve ever lost in a month was $20
Elon Musk, the biggest loser of all time. Shocker.
148.2 billion. He gave 200 million to Trump!
There are only about 30,000 people in the world who have a net worth of at least 100 million.
Isn't that fun! /s
Trump bankrupts everything he touches, including people
Maybe he'll wake up with a conscience one day and start an epic redemption arc and... Eh, who am I kidding
I hate when this happens /s
That's it, elon. You're outlived your usefulness
lol what a loser.
I hope we get rid of rim soon, one way or the other.
so far like a few months bubble bursted on tsla stock, and thats not the first time.
This is so funny. 🤣