Elon Musk Becomes First Person Ever to Lose $200 Billion https://www.bloomberg.com/news/articles/2022-12-30/elon-musk-becomes-first-person-ever-to-lose-200-billion
Casey Newton
Elon Musk Becomes First Person Ever to Lose $200 Billion https://www.bloomberg.com/news/articles/2022-12-30/elon-musk-becomes-first-person-ever-to-lose-200-billion 49 comments
louisgray
@caseynewton would you say FSD stands for Full Self Dilution or Full Self Delusion at this point?
Isaac Rabinovitch
@caseynewton Meh. He's still worth way too much. Because most of his net worth is Tesla stock which is *still* horribly inflated. I say again, Tesla has 3% of the car market, GM has 15%. Yet Tesla is worth 8 times as much? Why?
Scott
@isaac32767 @caseynewton Because the market hates unions, and Tesla’s workers have yet to unionize.
Prokofy
@caseynewton Well, a billion here, a billion there, pretty soon you're talking about real money...
sasha
@caseynewton? Almost all of it was in overvalued Tesla stock, so he was never really that wealthy in the first place.
𝓝𝓸𝓪𝓱 𝓑𝓪𝓲𝓵𝓮𝔂
@caseynewton but like... where did it *go*? It's not like there's just another guy somewhere that just discovered 200B sitting there in the ashtray of their car. It was all speculative money that didn't _really_ exist in the first place, no?
Streeter Sweeper
@caseynewton money is just lines of code in the Matrix! At least that is what he is telling himself right now.
Kansas Grant
@caseynewton I flatter myself that my own near-abandonment of the bird site played some infinitesimally small role in that.
Ruth Zakarin 🧶🪬😷
@caseynewton
Itwasntme
@caseynewton I’d watch if he and Putin were the first two to meet in the large hadron collider.
Scenario
@caseynewton He didn’t lose it per se. He sold Tesla stock at three peaks and netted billions in realized cash gains. In doing so, he drained the retirement accounts of unsuspecting shareholders. Tesla shareholders lost billions. Not Elon Musk. |
@caseynewton giving trump a run for his borrowed money.