Tesla's stock wipeout has hit Elon Musk's net worth by more than $150 billion this year
Tesla's stock wipeout has hit Elon Musk's net worth by more than $150 billion this year
Elon Musk's estimated net worth has plunged, falling from a peak of $486 billion to $330 billion
Musk’s shrinking fortune is largely tied to Tesla’s stock, which has plunged about 36% since the start of the year as the company struggles with slowing sales. Roughly 60% of Musk’s wealth comes from Tesla shares and options. The rest of his wealth comes from his other ventures. His net worth skyrocketed when SpaceX hit a $350 billion valuation, making it the world’s most valuable startup. Meanwhile, xAI, his artificial intelligence startup, raised $6 billion in funding, pushing its valuation to $50 billion.
SpaceX hit a $350 billion valuation,
Wow crashing rockets is worth a lot!!!
Fully subsidized work fast and break things (ecosystems, low-earth orbit, etc)
need to stop subsiding him, DOGE should investigate.
Falcon 9 exists and now beats out Soyuz for the reliability record. That's the work of countless engineers who are isolated from its idiot CEO as much as any of Musk's companies can be.
Honestly, I would invest in spaceX stock if I could.
As much as musk sucks, I would invest in any company making reusable rockets. That's the next major step in human technology. A big shout-out to Stoke Space too, their rocket looks awesome! I can't wait to see it fly.
It's a good start! I know billionaires have so much money, we could literally never affect the quality of his day-to-day life, but we can avoid anything he's associated with and ostracize him from society! That will feel nice...
Well, we won't starve him to death with boycotts. The notion is that he is considered the richest man in the world because of the valuation, and how much he has in collateral Tesla stock. Throwing him off the first spot seems so easy now, and it will be ego-shattering for this narcissist bastard. Good enough for me.
It should make it harder for him to influence politics globally as well. People seem to think they have to listen when the world's richest man speaks, but the world's 20th richest one doesn't have that sway. Also seeing his net worth plummet should make other would-be emperors less inclined to throw their lot in with him.
Throwing him off the first spot
I thought this sentence might end up a little different.
Great news! Let's doge that mrfr
I want every loan to that damn Nazi to be called back in.
haha very nice.
It’s not enough.
Let me know when it hits zero.