Elon Musk Looks Desperate | How to lose $148 billion in less than two months
Elon Musk Looks Desperate | How to lose $148 billion in less than two months
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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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.
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
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".
Whether Elon understands this or not is irrelevant. The stock market's mechanics don't change based on his emotional reactions - paper losses aren't actual until realized through selling. Your assumptions about Elon's mental capacity are speculative and don't affect basic facts: Tesla stock remains up 48% over last year. If you dislike Elon, that's fair enough, but at least understand the basics before making claims about his comprehension.
So you're telling me that stock markets don't respond to investor sentiment, they respond to "basic facts"? Am I being trolled right now?
Nope, that's not what I said. You're building a strawman and moving the goal posts now. We're talking about a single individual that you claim can't emotionally handle seeing their stock value going down.
"Whether Elon understands this or not is irrelevant. The stock market's mechanics don't change based on his emotional reactions"
You may recognize those as your own words from the comment that I was responding to. I'm not moving goalposts or making strawman arguments, you are either choosing not to or failing to follow the thread of your own statements.
I'll explain the link then. Investor sentiment often turns sour when there are scandals with the c-suite of companies. It's also affected by the public statements and confidence of said c-suite. Currently elon is embroiled on one of the largest and most brand image damaging scandals in recent memory. Further, in his recent appearances he's both looked and sounded like a slowly deflating basketball. This has both visibly affected investor confidence in his companies, and is evidence supporting my claim that he can't handle seeing number go down. This is why your claim that "the stock markets don't change based on his emotional reaction" is equivalent to saying that markets don't respond to investor sentiment
I don't know why you keep talking about investor sentiment when that has nothing to do with what I've been talking about here. I've been narrowly speaking of Elon himself. How he feels doesn't matter. What matters is what he does. Stocks fluctuate; that's called volatility, and every investor knows this. A portfolio is just a stack of paper until you convert it back into cash. How you feel about that stack of paper is entirely irrelevant.
Because investor sentiment is the reason your claims are wrong. Of course you haven't been talking about it; it dismantles your argument, and you're here to win a debate rather than to have a conversation. I wouldn't talk about either if I were in your position and trying to feel right on the internet.
"How he feels doesn't matter. What matters is what he does" is flatly incorrect; how people feel plays a significant role in determining how they act and how they present themselves/their brand in public. These things go on to affect things like investor confidence, which goes on to effect stock market prices. These variables are all far too coupled to claim that any one matters but any other does not.
"A portfolio is just a stack of paper until you convert it back into cash". Yeah, that's kinda how all currency works. It's just a stack of paper until you convert it into goods. Given the propensity of the rich to borrow against their net worth whenever they need liquid cash to acquire goods, losing net worth on the stock market is a very real financial loss in his case.
Let's take a look at my original message again:
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.
Now what does any of what you been talking about have to do with this? What am I wrong about there? You've just been rambling about completely irrelevant stuff since your very first response to me. I literally don't even know what you disagree about.
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.
Considering their products' build quality and service plans, I'd still short the ever-loving shit out of TSLA if I was wealthy enough to be able to qualify to take out short positions.