Tesla stock hit a high of ~480usd/share on Dec 17th 2024, subsequently the stock has lost over 40% of value, wiping over $140BN in Elon Musk's wealth. This is about 3x what DOGE has cut thus far. Dumbasses still believe this was all about Elon making money? If that's what it truly was about, he would promoting QE and lobbying for liquidity to flood the market and prop up stocks no?
I think it's more it's what happens when an overly sensitive autist starts tossing Nazi salutes trolling and going off the deep end with pointless petty beefs when his core customer base is wealthy suburban democrats.
I'm fairly certain he could have achieved objectives under doge and maintained most of his stock value as in maintained market loss that's more pace with the market since most tech related and stocks normally subject to volatility are also down. Amd down 35-40%, navida, etc. A lot of your volatile swingers.
He just needs some tact to him but I don't think he's capable of such things anymore.
Regardless as I wrote earlier this week in the Dow thread Teslas stock value means nothing much right now and when I wrote it predicted it had more downside to come which it showed this week, but the main thing you're betting on is will he be first to market with full autonomous tech that's approved and can sell. He's been first to market on many other things.
That's the bet no his current antics which are just blips and fluctuations. Which is absolutely nothing new for Tesla if you have followed the stock for years.
That's also why I don't think Elon cares about his unrealized gains since this is just a blip. Being in gov't is good long run.
I mean come on you're in finance, you should know he can't just mass sell shares anyway. It's not cash net worth. The stock would plummet if he mass sold off. So why would he care about this short game antics shit if it gets you in good long run to get your objectves done. He can act how he wants.
This post was edited by SBD on Feb 27 2025 07:13pm