Yeah, that doesn’t really make sense. It also makes it easier for other people to buy, and a lot of his wealth is tied to their value. From a quick search, $117b of his $421b wealth is in Tesla stocks. So about 1/4 of his wealth is based on whatever Tesla stock value is at the moment. If it drops, he has a lot less to buy with, and some is already borrowed against. Basically his wealth drops at nearly the same rate Tesla value drops, while others may not have this issue. Those other people/groups are much more likely to buy out Tesla than Musk is in that situation.
He takes loans against his tesla stock to have money to spend at all. The 12 billion he raised for his share of twitter used Tesla stock as collateral. If im not mistaken, if tesla stock falls another 300 billion, those loans will get called and he will have to liquidate a huge chunk of Tesla stock.
Losing the value of the thing to get money is not a good way to use that thing to get more money to buy more of that thing.
Elon won’t be able to buy more tesla. Somebody may buy more of Tesla to have control over Elon though.
We’d like to think that it is part of the plan, but it is reported that Musk is pissed at the tanking stocks. And if he isn’t rightfully pissed, Trump would not have tried to convince people to buy Tesla.
I think there is no plan, but merely opportunity. You know what people say, don’t let a crisis go to waste. It is a rule of thumb for businesses and investors. The stocks go down, just buy thr dip.
You don’t think those “reports” are simply to disillusion people into thinking someone they hate is secretly miserable? Just seems like a pathetic coping mechanism to me.
As an existentialist, I say we are all secretly miserable. Nothing will ever satisfy us. It is part of life.
But a side effect of ketamine-- which Musk is addicted on-- is also depression. So yeah, in general Musk is genuinely miserable. Perhaps already miserable even before taking on ketamine.
Yep, and honestly why wouldn’t I think that? Practically everywhere on Earth for the past decade has been nothing but the worst people imaginable getting exactly what they want. Why would this time be any different?
Always in my mind is that this was part of the plan. If Tesla loses all this value then Musk can buy up the stock and take full control.
Its worth considering when you see the S&P 500 falling, too. Maybe it’s all in the plan.
Yeah, that doesn’t really make sense. It also makes it easier for other people to buy, and a lot of his wealth is tied to their value. From a quick search, $117b of his $421b wealth is in Tesla stocks. So about 1/4 of his wealth is based on whatever Tesla stock value is at the moment. If it drops, he has a lot less to buy with, and some is already borrowed against. Basically his wealth drops at nearly the same rate Tesla value drops, while others may not have this issue. Those other people/groups are much more likely to buy out Tesla than Musk is in that situation.
He takes loans against his tesla stock to have money to spend at all. The 12 billion he raised for his share of twitter used Tesla stock as collateral. If im not mistaken, if tesla stock falls another 300 billion, those loans will get called and he will have to liquidate a huge chunk of Tesla stock.
Losing the value of the thing to get money is not a good way to use that thing to get more money to buy more of that thing.
Elon won’t be able to buy more tesla. Somebody may buy more of Tesla to have control over Elon though.
Maybe that’s it. Maybe Elon is just another puppet, doing the bidding of someone else because he’s got himself into a pickle he can’t get out of.
We’d like to think that it is part of the plan, but it is reported that Musk is pissed at the tanking stocks. And if he isn’t rightfully pissed, Trump would not have tried to convince people to buy Tesla.
I think there is no plan, but merely opportunity. You know what people say, don’t let a crisis go to waste. It is a rule of thumb for businesses and investors. The stocks go down, just buy thr dip.
You don’t think those “reports” are simply to disillusion people into thinking someone they hate is secretly miserable? Just seems like a pathetic coping mechanism to me.
As an existentialist, I say we are all secretly miserable. Nothing will ever satisfy us. It is part of life.
But a side effect of ketamine-- which Musk is addicted on-- is also depression. So yeah, in general Musk is genuinely miserable. Perhaps already miserable even before taking on ketamine.
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Yep, and honestly why wouldn’t I think that? Practically everywhere on Earth for the past decade has been nothing but the worst people imaginable getting exactly what they want. Why would this time be any different?
I hope he does that.
The value dropped because of him, so likely would drop even faster.
If he does that would be a great moment to put a bet on shorting his stock
If he does that it no longer will be a publicly traded stock though. Look at Twitter, the stock is gone the moment he purchased it.