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The funny thing is, he doesn't even feel it that much. His ownership of Tesla is peanuts compared to SpaceX, where the contracts with the government are. Just some food for taught 🤔
? ~60% of his wealth is estimated to be in Tesla shares
His net worth is definitely affected by Tesla shares declining
No, it actually ~13% while on SpaceX being the owner he has a share of ~42%
It's not what they were talking about though. They said tesla shares were 60% of his wealth, not that he owned 60% of tesla.
I can't find the actual number but it looks like tesla shares were 75% of his wealth in 2020, and fell to 37% in 2022 when he sold some.
So it's definitely hurting him
So what you are telling me, is that 37% of what he made till 2022 is from Tesla, yes, that is true, but if it fell from 75% to 37% in just 2 years and it most likely fell again till 2024, that amount has to been shrinking due to a larger summ of money coming from another investment with a bigger amount of shares. SpaceX started gaining more money with the starlink project and the governmental contracts, around 2019-2020 and who has the most shares in that company? Is Elon, today his wealth is not coming that much from Tesla, he still made money from it, but we are debating small stuff to what SpaceX represents to him.
Well the subject originally was that Tesla's drop was hurting elon, to which you said "he doesn't feel it that much".
By doing a quick search, I found that his spaceX shares are worth around $147 billion, while is tesla shares are worth around $98 billion. You are right that spaceX represents more, but it's not small stuff. And to stay on topic, it seems like the value of his Tesla stock and options has declined by nearly $102 billion since the beginning of the year, which I think is not small even for him.
While you are right the contracts with the governements are balancing the losses a bit, it's still a good chunk of his wealth, as it seems he has gone from $443 billion in december 2024 to $380 billion mid february, and I'll take whatever hurst this mf.
I went a bit far from the main subject, what I meant with "He doesn't feel it that much" is that it's not enough of pain for him, and SpaceX will be his saving grace to preserve his power. I should have been more precise
Edit: Plus, I was wrong, I should have researched it a bit more. Thanks for the info
I definitely agree with you when you say it's not enough !