Please more!!!

  • ivanovsky@lemm.ee
    link
    fedilink
    arrow-up
    12
    ·
    20 hours ago

    Disclaimer: I’m stock illiterate. Are his other companies also trending down? Or are they not publicly traded or whatever? Is it known what % of his wealth comes from Tesla (vs Starlink or SpaceX)?

    • jansk@beehaw.org
      link
      fedilink
      arrow-up
      21
      ·
      19 hours ago

      Most of his other companies are not publicly traded, so there isn’t much direct comparison. But Tesla has widely been known to be hugely over-inflated for years and years now, the bubble had to burst sooner or later. It is definitely being hit harder than the rest.

      • Banzai51@midwest.social
        link
        fedilink
        English
        arrow-up
        12
        ·
        edit-2
        17 hours ago

        Tesla was overinflated because it was run as a software startup, where they had money pouring in from venture capital. They had money coming in, but it wasn’t simply from sales. Let’s see if that stalls too.

        But wasn’t his Tesla shares used as collateral for the Twitter financing? If Tesla tanks enough, won’t his Saudi banking backers raise hell?