Tesla sales crash 45% in Europe as rivals surge, Musk’s politics spark backlash
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Looking good as in they're doing fine
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I don't know about Twitter, it gave him and his cronies a platform, and won him an election. It's mismanaged for sure, but it got the job done.
Tesla is probably more of a blow, this doesn't help him in any way.
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iirc most of his wealth is on paper, in the form of stock for his companies. He's relatively cash poor
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He doesn't have all that much money. But he has a lot of capital. And that can go away tomorrow. He can go from richest man to 10,000th richest man in 24hours.
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Intel had their famous Tik-Tok strategy up until 2016,
It took me an unreasonable amount of time to realize what you meant
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When are the shareholders going to sue the fuck out of him for devaluing the stock they bought?
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Which Volkswagen stock are you looking at, there are several.
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Volkswagen AG (VOWI)
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I agree. Assholes are functional. We need em. We certainly don’t need this shitstain.
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I dont have that one.
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That's really unfortunate
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He didn't mismanage Twitter. He realized that he could spend 44B and gain control of the ruling political party of the US. He said "Twitter's value isn't in it's advertising, but in the public manipulation I can do with it!"
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As usual with billionaires (and actually most people with a significant wealth)
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Most of it from being a subsidy queen.
Now even more since he's important for the US war machine and is getting billions in contracts.
https://www.mintpressnews.com/pentagon-recruiting-elon-musk-nuclear-war/289055/ -
Well, I think forbes is maintaining a well known list, here's his entry, which should give you some info about the source of his wealth:
https://www.forbes.com/profile/elon-musk/?list=rtb/ -
What you described is mismanagement. Just because he benefits from it doesn't make it good management.
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Never. They are "true believers"
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And they live off of loans collateralized by stock. Musk has easy access to as much cash as he could possibly want, whenever he wants it. He's definitely not "cash poor".
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Their loss.
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Both of them, they're both fucking centi-billionaires, they couldn't give a fuck.
