Those headlines always make it seem like a big deal, but I’ll only allow myself some joy when I’ll know for sure Elon Musk will be homeless. Times and times again I’ve seen headlines like this, where billionaires are losing billions, the stock market is crashing, it’s never been this bad!!! But in the end, they eventually get those billion back and nothing changes.
I agree with you. Musk alao has a long history of manipulating Teslas stock prices up and down for his own eventual benefit.
He won’t be homeless, but most of his ‘wealth’ is just the value of that stock. The lower it is, the less of a threat he is.
Didn’t he buy twitter with a loan backed by his Tesla stock?
If that’s the case and the price is falling enough then the bank could/have called that in. Resulting in the forced sale of his stock.
Which would be very funny.
Would be epic and funny but the stock is still at a higher price than it was at the time of the Twitter purchase. It would need to dip much lower for this to happen.
If self-preservation is an instinct these banks possess, they should all be calling in Musks loans right now.
The banks bankrolled twitter to create a controlled propaganda outlet and enabled their boy to directly influence the federal government. I think their investment turn out very well for them.
And they’re undoubtably confident a taxpayer bailout would fill any loss that might occur. And it’s unfortunately a solid bet.
Margin call incoming? Would be terrific.
PLEASE just let this nightmare end. There’s no funerals I look forward to more than the two fucking pieces of dog feces running the show right now.
I have violent fantasies about Elon Musk. I have never been in a fight as an adult, but I lust to hurt that guy. I can go into detail about it…
This is the most confusing thing to me. We always hear about how these people are only “billionaires” on paper, and any money they spend is borrowed with the investments used as collateral.
So if they continue to fuck consumers, the consumer economy collapses eventually. At that point, they’re no longer billionaires. The only people who will continue to be rich will be those directly controlling resources.
Why would anyone running a company selling ads on websites, or selling goods to consumers, intentionally fuck consumers? It makes no damn sense, and fucks these on-paper billionaires in the long run. If you make the dollar worthless, what’s the point of having the most dollars?
Why would anyone running a company selling ads on websites, or selling goods to consumers, intentionally fuck consumers? It makes no damn sense, and fucks these on-paper billionaires in the long run.
Because they aren’t intentionally fucking consumers, they’re fucking idiots and that’s too many steps ahead for them to consider the consequences of their actions.
They don’t like taxes, because taxes reduce their Capitalism High Score. They don’t like oversight because they don’t like being told what to do or spending their Capitalism High Score on unnecessarily things (like making sure people don’t die).
That’s as far as the thought process goes: “I don’t like paying money, so I’m going to try to make it so I don’t have to pay money.” They are too stupid to consider the consequences beyond that.Seems like the expected outcome of basing the economy on maximizing the next profit quarter without concern for long term consequences.
Musk is slowly arriving at the horrifying realization that actions have consequences.
No he’s not, he’s just chucking blame around
You said there was going to be pain.
Still one of the best threats in film.
This whole movie is endlessly quotable.
I need to rewatch this movie again.
What movie? Is it The Princess Bride? I’ve heard people talk about that movie all the time and I’ve never seen it.
Burn baby burn.
This is music to my ears
I think he needs to do something bold to silence all the haters. He needs to ride that next Starship launch personally. He should bring his pet president along too. Safety regulations be damned! It’s time for action.
& J.D. Vance also!
gave what was widely recognized as a Nazi salute at an inauguration event,
Short of officially stating it but at this point I’ll take it.
“Stand With Tesla.” Musk reposted it to his massive audience, but the sentiment didn’t prevent him from losing $23 billion the following day.
It would be a shame if he just went away. That would teach us.
I can sincerely say that my world would never be the same without him in it.
At what point do the board and the shareholders fire his ass?
He’s still by far the biggest owner of the stock, so although that would take him down several billion a year, it’s still just a small bite.
