this post was submitted on 03 Apr 2025
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Anticonsumption
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But he's using his stock as collateral to get bank loans so this hurts him anyway.
In principle that could happen, but realistically I doubt Musk is anywhere near enough in hock for market fluctuations to bother him. That would be more like a Trump thing.
Two months ago I didn't think the USA would want to annex Canada/Greenland. Anything is possible at this point.
? This isn't a "fluctuation," this is his company blatantly crashing, which does affect him, especially while the stock market also crashes. He's losing multiple billions of dollars. He had to restructure Twitter and sell it to himself. He's also a giant idiot who hung out with Epstein.
But I do think he always planned to crash Tesla because he is crashing USD to swing into BRICS currency when it's unveiled
Tesla stock ballooned recently but it's higher right now than it was 6 months ago, so whatever.
It made a slight recovery, but it's significantly lower than it was a year ago. It's gone significantly down since the Tesla protests started. It's not a real company, so at some point it's going to crash anyway.
That graph is YTD, not 12M. It's lower than it was in Jan 2025. But not Nov 2024.
TBH both of these graphs are short term, if this is a very hyped stock it's hard to say what is overvaluation or undervaluation or overcorrection, or how big or prolonged any "overshooting" might be. See where it is this time next year maybe.