I guess Elmo was in tears and panicking before this bc teslas stock has sunk so badly. JPM downgraded Tesla to hit $120. If it hits $114 there will be a margin call and the company will fold. His entire net worth is wrapped up in Tesla stock value.
The next Democratic president needs to revoke all of Musk's government contracts. Then start an investigation into his orchestrated takeover of the US government. Seize his businesses, his citizenship and deport him back to South Africa.
Tesla receives $2B yr of govt subsidy. Last 5 yrs they paid $0 taxes. Most recent profit was comparable to what his subsidy is. Many many questions around how he is running that company and sucking the U.S. dry.
Musk losing a large chunk of his net worth means that he lost the title of the richest man in the world. That must hurt the egotistical South African Nazi more than anything.
He may help Teslas performance in the US but every where else in the world it looks like a feeble cry to save a sinking company in a country we are all coming to loathe.
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