i understand wanting Elon to experience some pain, but the amount of money that he has now and will have for the rest of his life is best characterized as functionally infinite
Reposted from
More Perfect Union
Elon Musk is now $122 billion poorer than he was at his post-election peak, due to Tesla stock plummeting.
www.forbes.com/sites/dereks...
www.forbes.com/sites/dereks...
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My fear is that he may end up as a more financially diversified oligarch.
Idea is to get his net worth down to a level where the loans are callable
What I’m saying is that he’s almost been certainly taking advantage of the massive insider trading that’s taken place in this administration.
Therefore, losses are good.
If that's true ...
then why do these maniacs constantly try to accrue more money?
Bezos could fuck off forever and live without lifting a finger for another 10 lifetimes. He won't, though. So what else is it ...
Plenty of people come into wealth and aren't antisocial freaks.
But what kind of person is driven to act exactly like cancer? I don't think simply being wealthy-ish does that. Relative to 20 years ago, I'm living well below my means, and am not yet a sociopath.
it’s about having hard data plotted to a graph representing how much everyone thinks he sucks
We need somebody thinking up some trading places shit
But you're right. Essentially as long as he's over a billion it's infinite.
Also won't it be the funniest thing when Trump kicks him out of his orbit cause he stopped being super rich?
It also decreases the amount of equity Musk has for financing other takeovers or campaigns.
That collateral needs to be higher than the loan obviously, and if it gets too low it can trigger a sell-off (in theory)
If that happens it can cascade into a mass sell-off in theory. But... it'd probably need to fall a *ton*.
But it's also very unlikely to crash to that extent. We should still try
kind of like how is unraveling our government and harming millions of lives
Banks are already doing BTOs with their twitter purchase debt.
Is he rich compared to 90% of people? Of course.
But is he Bezos or Buffet rich? Doesn't seem like it.
In terms of "can singlehandedly bankroll GOP primaries and fend off margin calls", tsla going below $150 or possibly even $200 could be really damaging for musk.
Any more you are up to wicked shenanigans
arrogance + leverage
In this case though, it's all ego. He's seeing his high score dropping.
We need to attack all his different form of capital, not the man directly.
#ElonQ
$TSLAQ
Arguably there's much more money to be "made" eeeerrrr stolen from us/US government/tax payers, than Tesla, whether he needs it or not. He just likes the process more than the result.
Less money/control over large companies/loss of reputation = less ability to influence events.
Also here's hoping he'll do something stupid enough that a change of political winds will land him in real trouble.
So it may not materially impact him but I like to think it bothers him.
this situation would not change meaningfully if it was revealed he was a multiple dog rapist and child eater
Functionally infinite is the best and most concise characterization of such
I don’t think that’s crazy possibility given Tesla’s tanking sales.
Would that be enough to rein in Musk?