this post was submitted on 14 Mar 2025
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Summary

Elon Musk’s fortunes have plummeted by $148 billion amid Tesla stock plunging nearly 50%, government protests, and setbacks at SpaceX and Starlink.

A White House event with Trump, meant to boost Tesla, instead highlighted Musk’s growing desperation.

Musk's other ventures are also struggling—SpaceX rockets have exploded during tests and Starlink lost a Canadian contract.

His role leading DOGE is generating backlash, with Musk appearing increasingly defeated in public appearances.

His reputation, which previously weathered controversies, now faces unprecedented challenges due to his political alliance with Trump.

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[–] Treczoks@lemmy.world 27 points 6 days ago

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.

[–] Opinionhaver@feddit.uk 33 points 6 days ago (3 children)

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.

[–] Gustephan@lemmy.world 18 points 6 days ago (8 children)

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

[–] bus_factor@lemmy.world 2 points 6 days ago

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:

  • He's stretched himself too thin, and the stress is getting to him
  • Related to the above, his drug abuse is getting out of hand
  • He is deeply insecure, and more than anything, he wants people to think he is cool. People have made it abundantly clear that they do not think he is cool.

So it's not really about number going down, it's about people explaining number going down with "everyone hates Elon Musk".

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[–] imetators@lemm.ee 6 points 6 days ago

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.

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[–] boonhet@lemm.ee 20 points 6 days ago (1 children)

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.

[–] skuzz@discuss.tchncs.de 5 points 6 days ago

Isn't it just hilarious how somehow, being rich just gets one a free pass to also "be smart"?

[–] Elkot@lemmy.world 16 points 6 days ago

I hope he continues to suffer

[–] alxmg@slrpnk.net 14 points 6 days ago

Music to my eyes. If there ever is a person deserving of this treatment, it’s him.

[–] axh@lemmy.world 17 points 6 days ago

How to lose $148 billion in less than two months

Step 1. Have $148 billion or more

...Shit, this guide is useless.

[–] IndustryStandard@lemmy.world 10 points 6 days ago (1 children)

148.2 billion. He gave 200 million to Trump!

[–] Bamboodpanda@lemmy.world 6 points 6 days ago* (last edited 6 days ago) (1 children)
[–] ieatpwns@lemmy.world 9 points 6 days ago

Pathetic. Irresponsible. The most I’ve ever lost in a month was $20

[–] kn0wmad1c@programming.dev 12 points 6 days ago

Trump bankrupts everything he touches, including people

[–] trumboner@lemmy.world 5 points 5 days ago

I hope he loses it all

[–] LordWiggle@lemmy.world 4 points 5 days ago

Elon Musk, the biggest loser of all time. Shocker.

[–] phoenixarise@lemmy.world 6 points 6 days ago (1 children)
[–] Scrollone@feddit.it 3 points 6 days ago

I hope we get rid of rim soon, one way or the other.

[–] milan@discuss.tchncs.de 3 points 6 days ago

so far like a few months bubble bursted on tsla stock, and thats not the first time.

[–] TheDeadlySquid@lemm.ee 2 points 6 days ago

This is so funny. 🤣

[–] SabinStargem@lemmings.world 2 points 6 days ago (1 children)

Here's hoping that Musk is someday forced to live on social security. Or dead. Either outcome would be fine by me.

[–] teletext@reddthat.com 6 points 6 days ago (1 children)

Well, we'll all be dead someday.

[–] SabinStargem@lemmings.world 1 points 6 days ago

Him first, so that we can piss on his grave.

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