Quote (thesnipa @ Apr 8 2025 01:09pm)

now keep in mind im far from one of the "trump/elon are doing this all for the good of the country" type people. but lets look at it honestly, people said trump would use the whitehouse to enrich himself, and so far he's basically released a memecoin which made a few pennies and that's about it. his brand has tanked for 50% of the country, and i dont think red hat sales have exactly made him a billionaire. he'd likely have been far richer if he just never got involved in politics.

now lets look at elon, before he even got involved in politics he was the richest man on earth. and all during his rise up the world's richest ranks people have been BEGGING him to just shut up and showcase teslas. instead he took a massive PR hit buying twitter, spent 250$m on politics, dug into the most polarizing whitehouse of all time, etc. he's put his wealth in direct jeopardy, and whatever "power" he can gain in the whitehouse is severely offset by a massive loss in money. Bezos will almost certainly eclipse him in the next year, zuck too perhaps.

i think the two people who most fit that bill are Zuck and Bezos. they came crawling to the whitehouse looking for preferential treatment. Elon is just a rogue dude, he does what he wants for his own reasons and most times against advice of his people. i think the whitehouse will be a massive loss in power for Elon in the longrun.

:ph34r:

Quote (ofthevoid @ Apr 8 2025 05:16pm)

I made this point before. If all Elon cared about is making money, he would be pushing for higher regulations on ICE/ & fossil fuels, he would want the government to keep spending like crazy, and so on. More greenifcation more alarmism about using only EV's.

Government spending less is not good for stocks, tariffs are not good for stocks. Tesla went from a high of 480 to 230 today, wiping away literally tens of billions of his own wealth. The people slinging the 'he's only doing for personal gain' are idiots and can't reconcile the fact that all the moves quite literally resulted in him losing a ton of wealth.

Small illustration:

Elon owns 410MM Tesla shares

at $480 roughly $196.8BN
at $230 rough $94.3BN

So he literally lost over a hundred billion in paper wealth.

Quote (Mondain @ Apr 8 2025 10:44am)

whoa whoa whoa, hold up a second

I thought Elon was calling the shots, He was using trump.

Remember YOUR people were in the streets saying Elon wasnt elected president.

Convenient 180?

Quote (Mondain @ Apr 8 2025 01:22pm)

grr, just like with my image.

Your showing all time highs, vs now.

if you avg it all out, it's more like 10% down

Quote (SBD @ Apr 8 2025 12:15pm)

A few pennies, didn't that memecoin reap 100M in trading fees alone on broker fees of which the majority go to him and friends? That is usually the key part of any memecoin scam, the initial brokerage fee collection. They are usually high % with amounts all (majority) going back to creator. I don't know what his wifes made on transaction fees, but I am sure a pretty penny there as well. Elon for me was always power, and selfish intents, I took that quote from Sam earlier back in Jan or so and believe its entirely accurate. "Elon's whole life is from a position of insecurity"

Edit: Not that Sam isn't a tool as well.

Quote (ofthevoid @ Apr 8 2025 05:26pm)

Why would you average it out though? Why would i care where Tesla traded 10 years ago when it was fledgling? Even if we remove the high and lets say using a moving average of more recent price and say it was 280-300 it's still tens of billions he lost in paper wealth.

Quote (ofthevoid @ Apr 8 2025 11:16am)

I made this point before. If all Elon cared about is making money, he would be pushing for higher regulations on ICE/ & fossil fuels, he would want the government to keep spending like crazy, and so on. More greenifcation more alarmism about using only EV's.

Government spending less is not good for stocks, tariffs are not good for stocks. Tesla went from a high of 480 to 230 today, wiping away literally tens of billions of his own wealth. The people slinging the 'he's only doing for personal gain' are idiots and can't reconcile the fact that all the moves quite literally resulted in him losing a ton of wealth.

Small illustration:

Elon owns 410MM Tesla shares

at $480 roughly $196.8BN
at $230 rough $94.3BN

So he literally lost over a hundred billion in paper wealth.

Quote (SBD @ Apr 8 2025 01:29pm)

I mean, that just puts him back to where he was before he was humping trumps leg to be honest. That major spike came on the lead up to the election while he was humping his leg and then once Trump was elected it went parabolic. So, now lets look at other tech stocks for that same period or something like Amazon, Amazon is lower than Nov 2024 while Musk is just back to where he was, so actually he's still up even after being a retard.

Taking it from after it went parabolic while he was holding trumps balls and using that value is pretty disingenuous if you're going to try to illustrate what would happen if he was not grasping trumps nuts prior to the election.

Quote (ofthevoid @ Apr 8 2025 12:35pm)

That spike was because people thought Elon was going to get all this favorable treatment, that's why so many leftists spammed that point for months now. But he didn't and the stock trended back down. But again look at 200 day moving average for the year, it's roughly around 280 and the stock hit 280 in 2022, 2023.

So even if we say 280 vs 230, again still pretty material loss. Most of the actions taken by this admin has been net negative for wealth creation for someone like Musk.

Quote (ofthevoid @ Apr 8 2025 11:35am)

That spike was because people thought Elon was going to get all this favorable treatment, that's why so many leftists spammed that point for months now. But he didn't and the stock trended back down. But again look at 200 day moving average for the year, it's roughly around 280 and the stock hit 280 in 2022, 2023.

So even if we say 280 vs 230, again still pretty material loss. Most of the actions taken by this admin has been net negative for wealth creation for someone like Musk.