He always knew this was going to happen anyway, that's why he artificially inflated Tesla to begin with
this post was submitted on 03 Apr 2025
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Good. Let's keep it tumbling down
Tee hee.
Except not, cuz it's money he doesn't have to begin with. His net worth isn't a pile of money, it's a constantly fluctuating number based on what the rest of the world think the his various companies' stock is worth. Same as if you own a house and you get a new tax assessment that says it's worth $10,000 less than last year. Your bank account doesn't skrink by $10,000. The max amount you are able to get a loan for might decrease a little, but other than that it's pretty much a non-event.
That said, he'll never go broke.
His ego may get battered, but he'll never be broke.
Unfortunately.
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
Nah, it’s not crashing. The core business is still there and will be there in the future - it answers a need. However it is a strong signal to the board of directors, which will translate if it continues to having to kick him out of any influence on the company. Basically he’s becoming a liability. Which is great. Carry on.
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.
My graph shows 6 months, and like I said it's slightly higher now than it was in November. It's not "crashing". Also note, this is a factual observation about a stock price, not a defense of Elon Musk or "taking his side" on any subject or in any sense whatsoever.
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.
I'm giving a $15 bounty to whoever can code a website to ring a tiny bell every time this happens
I made a super basic site to track the price difference since the page has loaded. A tiny bell rings if the price has gone down more than $2.43, but you might need to leave the page open for a day or 2 to actually see the price drop enough to ring the bell. I am using a free api to track the price, which has a limit to 30 requests per second. So if the page doesn't fully load for you, wait a few minutes and try reloading the page.
If request rates start getting problematic you could probably drastically reduce the refresh rate, seems like once per second right now which is way overkill IMO.
Also if you want to share the source I can host a mirror of it to further increase resilience to API ratelimits
I’ll add 10¢ to the pot
Looks like polygon api can get live data 5/req a minute? https://polygon.io/pricing
I'm not super familiar with finance lingo; how is a "stock price" usually determined? ~~SMA?~~
edit: seems like "last quote" or "last trade" are probably the best for this kind of thing? https://polygon.io/docs/rest/stocks/trades-quotes/last-quote Those apis cost money, though. 😭
Someone start the "Meh" movement:
"Make Elon Homeless".
He'll always have his cheese hat though.
Stop. You're giving me an erection
You're doing better than Prince Acorn.
The fact that this post has been downvoted twice clearly shows Elon has a main and a burner account like all the non billionaires
Out of interest, how do you know if a post has been downvoted? I only see up votes? Is it a instance specific feature?
On the default Lemmy Web UI, you can hover your mouse on the score count.
I’m on mobile and the app I use shows them, Arctic is a pretty nice little known gem!
Only iOS tho..
Jerboa shows downvotes too.
I can see it's on the top of the page, with the up down arrow? I'm on mobile
There's an account setting to show them. Although on the web UI I have to move my cursor on the score to show the up/downvote numbers for posts.
(And while it could be disabled by the instance, .world has downvotes enabled)
It depends on your client/settings on mobile, but no clue on PC.
Nice. Musk = POS Nazi.
I really like that, thanks.
Nut