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Musk Melts Down as Tesla Stock Price Plunges (www.rollingstone.com)

submitted 1 week ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] pedz@lemmy.ca 14 points 1 week ago* (last edited 1 week ago) (2 children)

Those headlines always make it seem like a big deal, but I'll only allow myself some joy when I'll know for sure Elon Musk will be homeless. Times and times again I've seen headlines like this, where billionaires are losing billions, the stock market is crashing, it's never been this bad!!! But in the end, they eventually get those billion back and nothing changes.

[–] JacksonLamb@lemmy.world 3 points 1 week ago

I agree with you. Musk alao has a long history of manipulating Teslas stock prices up and down for his own eventual benefit.

[–] CaptPretentious@lemmy.world 2 points 1 week ago

He won't be homeless, but most of his 'wealth' is just the value of that stock. The lower it is, the less of a threat he is.