• HunterLF@lemmy.zip
    link
    fedilink
    arrow-up
    0
    ·
    edit-2
    1 month ago

    The funny thing is, he doesn’t even feel it that much. His ownership of Tesla is peanuts compared to SpaceX, where the contracts with the government are. Just some food for taught 🤔

    • usernamesAreTricky@lemmy.ml
      link
      fedilink
      arrow-up
      0
      ·
      edit-2
      1 month ago

      ? ~60% of his wealth is estimated to be in Tesla shares

      His net worth is definitely affected by Tesla shares declining

        • TheYojimbo@lemmy.world
          link
          fedilink
          arrow-up
          0
          ·
          1 month ago

          It’s not what they were talking about though. They said tesla shares were 60% of his wealth, not that he owned 60% of tesla.

          I can’t find the actual number but it looks like tesla shares were 75% of his wealth in 2020, and fell to 37% in 2022 when he sold some.

          So it’s definitely hurting him

          • HunterLF@lemmy.zip
            link
            fedilink
            arrow-up
            0
            ·
            30 days ago

            So what you are telling me, is that 37% of what he made till 2022 is from Tesla, yes, that is true, but if it fell from 75% to 37% in just 2 years and it most likely fell again till 2024, that amount has to been shrinking due to a larger summ of money coming from another investment with a bigger amount of shares. SpaceX started gaining more money with the starlink project and the governmental contracts, around 2019-2020 and who has the most shares in that company? Is Elon, today his wealth is not coming that much from Tesla, he still made money from it, but we are debating small stuff to what SpaceX represents to him.

            • TheYojimbo@lemmy.world
              link
              fedilink
              arrow-up
              0
              ·
              30 days ago

              Well the subject originally was that Tesla’s drop was hurting elon, to which you said “he doesn’t feel it that much”.

              By doing a quick search, I found that his spaceX shares are worth around $147 billion, while is tesla shares are worth around $98 billion. You are right that spaceX represents more, but it’s not small stuff. And to stay on topic, it seems like the value of his Tesla stock and options has declined by nearly $102 billion since the beginning of the year, which I think is not small even for him.

              While you are right the contracts with the governements are balancing the losses a bit, it’s still a good chunk of his wealth, as it seems he has gone from $443 billion in december 2024 to $380 billion mid february, and I’ll take whatever hurst this mf.

  • TommySoda@lemmy.world
    link
    fedilink
    arrow-up
    0
    ·
    1 month ago

    You know what’s horrific and evil? Cutting Medicaid and social security for millions of people because your billions of dollars isn’t enough money to make up for the fact that you’re a giant man baby.

  • amadeus84@lemm.ee
    link
    fedilink
    English
    arrow-up
    0
    ·
    30 days ago

    Elon has done some impressive things but his voice carry’s as much weight as the president. Even more. To call for civil war seems reckless and will stir up the MAGA side. So with all his money and power he isn’t able to form some kind of mediation between all parties. He could be a beacon of reason and peace with his immense wealth. Why choose this path so quickly.

    • rumba@lemmy.zip
      link
      fedilink
      English
      arrow-up
      0
      ·
      29 days ago

      Elon has done some impressive things

      The more I look into that, the more I question this.

      He has has bought companies that have done impressive things and tarnished nearly to the point of ruin all but one of them.

      He wasn’t the brainchild behind any of these products; he was, at most, the person who convinced venture capitalists to invest and the one who bargained with lawmakers to allow them.

      I’m increasingly seeing brilliant people who have dealt with him in person mentioning that he has quite sub-par reasoning skills, and we’re seeing more and more of that in the news.

    • P1k1e@lemmy.world
      link
      fedilink
      arrow-up
      0
      ·
      30 days ago

      Because MAGA doesn’t respect discourse, only shows of strength no matter how sloppy or feeble

  • jmcs@discuss.tchncs.de
    link
    fedilink
    arrow-up
    0
    ·
    1 month ago

    He assumed his opponents would kill random people instead of targeting his property.

    He probably can’t even comprehend a worldview where people prefer to attack wealth over taking another human being’s life.

  • Ilixtze@lemm.ee
    link
    fedilink
    English
    arrow-up
    0
    ·
    1 month ago

    Personally i think the level of violence could be a little higher still… Or way higher! Burning megafactories levels of higher.

      • wwb4itcgas@lemm.ee
        link
        fedilink
        English
        arrow-up
        0
        ·
        30 days ago

        “A sufficiently broken clock can randomly be right an arbitrary number of times per day”.

      • Ilixtze@lemm.ee
        link
        fedilink
        English
        arrow-up
        0
        ·
        30 days ago

        If it happens to a poor defenseless megafactory outside the US is it still civil war?

  • segabased@lemmy.zip
    link
    fedilink
    arrow-up
    0
    ·
    29 days ago

    How the hell do Elon and other oligarchs feel so safe to call for a literal civil war? He thinks the other side cares more about fighting Joe Bob more than the billionaires? Such strange delusional behavior

  • collapse_already@lemmy.ml
    link
    fedilink
    English
    arrow-up
    0
    ·
    29 days ago

    I’m still not convinced that isn’t just insurance fraud to try to recoup some money for junky cars no one wants while pretending he’s a political victim.