• Genius@lemmy.zip
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    19 hours ago

    Isn’t most of his wealth in stocks? If investors think Tesla is a bad stock (because no one will buy the cars), then Musk is poor.

    • webghost0101@sopuli.xyz
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      16 hours ago

      Actually you are correct. I thought i had found a number for his liquid money but it wasn’t.

      Also got a bit hung up on his stake in Tesla being just 13% but with Tesla being valued at ~900B thats still over ~100B of his ~320B “value”

    • FanciestPants@lemmy.world
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      18 hours ago

      Yes it is, and crashing Tesla stock will certainly make him less rich. He still has his other shit companies, so crashing Tesla stocks alone won’t make him poor, but we might not have to hear quite so much about him.