r/Anticonsumption • u/Healthy_Block3036 • 3d ago
Corporations Elon Musk Loses a Billion Dollars Every Time the Tesla Stock Drops by $2.43
https://www.ibtimes.co.uk/elon-musk-loses-billion-dollars-every-time-tesla-stock-drops-243-17322982.2k
u/Shannaro21 3d ago
DROP! DROP! DROP!
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u/Jatnall 3d ago
My little ray of sunshine in this shithole timeline we are in. Suck it Elon.
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u/Ask_bout_PaterNoster 3d ago
Bury twitter, sink Tesla, and seize starlink. No private entity should have that much power.
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u/Pristine_Context_429 3d ago
Yeah, we should give it to the government to control.
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u/Shurigin 3d ago
Starlink should be a public service
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u/Mental_Medium3988 3d ago
For real. That'd be a much better way to connect everyone to broadband internet in this country. Not having to run lines everywhere would be better for the environment as well.
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u/Prestigious_Body_997 3d ago
Hundreds of starlink satellites have to be replaced each year. Every time a rocket goes up you’re punching a hole through the atmosphere. That’s going to cause problems sooner or later.
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u/ImYourHumbleNarrator 3d ago
yeah laying a wire once is so much more expensive than launching rockets forever
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u/snaps109 3d ago
Run fiber and be done with it. It's underground and more consistent. I would even argue 5G is more reliable and a good alternative to satellite.
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u/TRICERAFL0PS 3d ago
Fair point, though they did reasonably well with GPS and the internet.
Okay that second one is arguable.
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u/Fun_University_8380 3d ago
Yeah when the choices are between a random person who got it by being the fastest sperm or a body of people elected by the masses I'll take the elected representatives.
It's so weird how hard conservatives love monarchies.
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u/CodeMonkeyX 3d ago
The annoying thing is he could lose 99% of his wealth and still be richer than probably any of us will ever be.
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u/Jatnall 3d ago
That's fine, I just enjoy the massive blows to his over inflated ego. What a twat.
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u/PumpkinSeed776 3d ago
And his constant whining that he's under attack and that people are so evil for being happy that he's losing money. Man went far too long thinking he was god's gift to humanity.
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u/iamjustaguy 3d ago
According to a NYT headline today, sales are down 13%!
It's a start.
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u/Mr_Majesty 3d ago
I wonder how many people is shorting that stock? It’s a good time to make money. YOLO! As the wallstreetbets guys would say lol.
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u/National_Spirit2801 3d ago edited 3d ago
TSLQ I'm already up 10% from last week.
Edit: it goes up and it goes down.
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u/big_guyforyou 3d ago
in theory, if the stock drop into the negatives, elon could be worth as much as NEGATIVE 100 quadrillion dollars, meaning he will LITERALLY OWE US THE WORLD
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u/lxgrf 3d ago
in theory, if the stock drop into the negatives
I mean... it won't. It can't. That's not how stocks work.
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u/Tahn-ru 3d ago
More realistic and fun would be if it drops to around $100 and forces a margin call on his loans.
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u/Sixstringthings 3d ago
It has been reported that Elon used his Tesla equity heavily to finance his purchase of Twitter. If Tesla drops to a set level, it would trigger a call on his loans. This would explain his recent nervousness over the worldwide Tesla backlash and subsequent stock drop.
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u/skivian 3d ago
Can't happen anymore. Elon pulled a shell game and had his AI company buy Twitter and bail himself out. Well, maybe some of the big investors could lawsuit up and put a stop to it, but we'll see if that happens
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u/IchibanWeeb 3d ago
I kinda feel like it's being pumped or something right now cause all of a sudden Trump markets them and the stock's been back on the uptrend.
Hopefully that changes but yeah.
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u/CelticSith 3d ago
Hey everybody, LIMBO!!
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u/Temporary_Ease9094 3d ago
How looooooww can it go?!
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u/Separate-Purpose 3d ago
Annnnnd according to trumps inner circle he might be leaving Doge. Protesting may have worked for once.
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u/Greener-dayz 3d ago
Jesus, this level of wealth is obscene. Typically people’s idea of rich people’s wealth and the ability impact societal change is overestimated. But Elon really does have more money than governments. He could do so much in the world. He could literally move to a small town and fix their issues. He could likely fix a lot that would have positive impacts.
Yet he chooses to be an scumbag and buy elections. Chooses to take a position that rips our federal systems apart and firing people without a thought of what’ll be the impact downstream.
What a slob, what a scumbag. Can’t stand this dude.
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u/Spiritual_Writer6677 3d ago
The problem is that you can only become this rich if you are a sociopath. A normal person wouldn't do what it takes i.e. the amount of exploitation, descruction and death you leave in your wake hoarding this obscene sum of wealth
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u/Beard_o_Bees 3d ago
I think this is really true.
There comes a time when a persons cup is full, and will always remain full of the best things this life has to offer - to then not only want more, completely insatiable - while the world around you falls apart is a special kind of evil.
Think of how much actual, real, good that he could do and leave as his legacy.
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u/Dapper_dreams87 3d ago
Makes me wish I had bought tesla stock way back in the day just to sell it right now
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u/Livid_Parsnip6190 3d ago
I actually had a bunch of it because I worked there back before Elon's heel turn, and they gave it away to employees like candy. I sold it all recently just to do my part in making it crater.
I recently spoke with someone I worked with who still works there, and he said that the salespeople are really sweating because of how much sales have dropped off.
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u/PositivelyAwful 3d ago
A buddy of mine is the manager at an auto body shop that’s Tesla certified. Apparently Tesla has customers fill out a survey after their cars are repaired, asking about both the body shop and whether they’d recommend Tesla, etc… he told me everyone is giving them (Tesla) absolutely horrible feedback.
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u/Livid_Parsnip6190 3d ago
Good.
I'm sure the shitty management there now is using that to somehow blame the customer-facing employee for the bad surveys, rather than pointing the finger where it belongs: Uncle Elon's fat face.
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u/88bauss 3d ago
I worked at dealers for 11 years, not Tesla but Toyota Honda and Ford. I will never again work for commission especially in such a volatile business. I’m salary now in IT making much more so I’m good but hell no. I need to know I have security and a steady paycheck. I hated the job and down especially in 2020. That’s what made me leave.
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u/Huge-Concentrate-540 3d ago
I work in parts for Nissan now and Infiniti before and am also tired of the commission based pay. I’m in school to try to become a Radiologic Technologist.
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u/Apostmate-28 3d ago
Thank you for your service 🫡
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u/Livid_Parsnip6190 3d ago
It's the least I can do, honestly, it seemed cool for the first few years I worked there, but I feel guilty now about how much money I put in his pocket by being a hard working and great mechanic. I need to make it up to society somehow.
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u/Excellent-Sweet1838 3d ago
How the hell were you supposed to know this is who he was? A lot of people loved this guy. We snuck his name into star trek scripts and shit.
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u/Livid_Parsnip6190 3d ago
When I was hired, he was just seen as this quirky smart guy! Iron man was based on him! If I had any inkling of what a chode he was, I would never have taken the job.
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u/jlennon1280 3d ago
He will continue to lose billions but he’ll be ok. The people who have 401k and pensions tied to Tesla may not be.
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u/bookofp 3d ago
A good managed target date fund will be reallocating funds, I wouldn't worry too much unless you manage your own 401k and only own tesla stock... and even then as long as you didn't buy it this year you're probably well into profit you can reallocate it yourself.
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u/Senior-Albatross 3d ago
Also, do not manage your own 401k unless you're a professional. Even then, it might be best to have someone else without skin in the game take care of yours.
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u/ladylondonderry 3d ago
I’m not so sure—he’s so over leveraged on Twitter, and he used Tesla stock to buy it. As the stock drops, he has less and less to offer his creditors. Idk. Basically his meme cult is patching over the damage he’s doing to the broader American economy. I suspect the one holding the sledgehammer will win.
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u/raoasidg 3d ago
Guess you missed him selling Twitter to himself (xAI). xAI investors are the new bagholders.
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u/Lashay_Sombra 3d ago
he’s so over leveraged on Twitter, and he used Tesla stock to buy it
He took no loans on tesla stock to buy twitter and the loans that were taken ($13b) were put on twitter not Musk
Really wish people would stop repeating that misinfo
https://www.aljazeera.com/economy/2022/10/28/how-elon-musk-financed-his-twitter-takeover
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u/RandomerSchmandomer 3d ago
Reckon he'll sell to a shell company or something like he did with Twitter?
I just get the feeling like he's going to bounce as soon as he can and leave a lot of his cult holding the bag
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u/Happythoughtsgalore 3d ago
Why do you think he's running Doge?
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u/RandomerSchmandomer 3d ago
I know it's rhetorical but:
- Siphon money out of the public purse through contracts or privatising parts of publicly run/owned infrastructure/insitutions
- Get money by doing the bidding of aggressive actors, like Putin, in various forms.
- Attention.
- I think he's literally been compromised by someone, like Putin. I genuinely belive Trump and a lot of his ilk are deeply compromised and have been for decades and are now enacting their piece of generations worth of planning.
- He's the current figurehead of a plan that's been happening for decades but has now been accelerated; creating a new 'world order' of billionaires and elites controlling as much as possible, from capital to information, to eventually how many think (through algorithms, AI-generated news, comments, even personalities like streamers and the like)
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u/GitmoGrrl1 3d ago
Elon Musk is exactly the sort of person Jeffrey Epstein targeted. Maybe he did.
Musk is rich, connected, narcissistic and unstable. The perfect mark for Jeffrey Epstein and Company.
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u/Original-Strain 3d ago
Isn’t that what he did by selling it to himself last week? Via xAI, so now those investors are stuck holding the bag
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u/Dante_the_Artist 3d ago
Those pension managers are probably looking at other places to invest that money, or have started doing so. There may be waves of sell-offs coming, which will only cause the stock to drop more.
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u/DrDeezer64 3d ago
…..and an angel gets its wings
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u/Xhalo 3d ago
Upon getting their wings, every angel is awarded a can of spaghettios that never ends no matter how much umami is devoured. The grundlemeatballs are always cooked perfectly through, and they do not give you thunderous southside gulletbombs like usual in the human realm. Truly paradise ☺️☺️☺️
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u/Dog_vomit_party 3d ago
lol get rekt elon
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u/Eicyer 3d ago
Can we also target elon’s other company like X/twitter, spaceX? Those stocks need to go down as well.
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u/Olivialovesmangos 3d ago
Should have minded his non American private citizen ass business. Now he’s still rich but losing that much has got to sting so let’s keep going! Woot woot
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u/Bricktaztic_Toys 3d ago
It really makes me happy to see that he loses his money since he wanted to take it all from everybody else greedy bastard.
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u/Oldmannun 3d ago
He doesn’t “lose” anything other than speculative value of his net worth. These articles are stupid as hell
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u/Bag_of_Meat13 3d ago
Just shouldn't have tries meddling with American people's money and being a complete asshole while doing it.
Oh yea, and the Nazi salutes. Those were Nazi salutes.
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u/HeyWhatsItToYa 3d ago edited 3d ago
So, if that's the case,it could sink to $0 and he'd still be worth about 35% richer than the second richest man in the world. As much as he cries about it,the reality is that it doesn't even affect his day to day life. That is so messed up.
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u/liltinyoranges 3d ago
Love it. This morning I was cut off by a cyber truck AVOIDING a stick in the road
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u/Adventurous_Row3305 3d ago
Tesla sales dropping plus wasting millions of dollars in Wisconsin election put a smile on my face. 😁
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u/Red-little 3d ago
If I missed a single paycheck my life would be utterly ruined.
How can anyone support tax breaks for the wealthy when they can literally afford to lose billions in a day and STILL have enough money to not just stay afloat, but to continue to hold a spot in the top 1% of wealth earners.
How does anyone justify this?!
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u/Responsible-Web9371 3d ago
I wonder if anyone has any data on the correlation of Germany's fascism uprising and any businesses around that time rapidly losing popularity due to proximity with involved political figures.
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u/Ordinary_Basis_1599 3d ago
And today when the stock should be nosediving, it's up $14 and Elmo just made $7Bill today and pays no taxes. He needs to go.
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u/BillyGoat_TTB 3d ago
Tesla could go to 0, and Elon has $150 billion worth of SpaceX.
Elon is not going to be poor, despite your fever dreams.
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u/bill10351 3d ago
You don’t punch someone in the nuts so that they lose their testicles. You do it because they needed a good cock-punchin’.
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u/jgroshak 3d ago
We don't need to break his bank. Just his spirit
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u/DisembarkEmbargo 3d ago
I imagine if other billionaires see what happens with Elon then they may not be so public about funding politicians. I mean since Elon has gotten more into the public eye more and more have hated him and that's results in him losing money. Everytime I hear Jeff or Mark say some bullshit I get even more upset with them and use their products less.
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u/Shannaro21 3d ago
Every billion he doesn’t have is a billion he can‘t use in a nefarious way.
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u/Lard_Baron 3d ago
He’ll learn caution.
If he’s used Tesla stock to secure loans for the Twitter he’ll lose that as well.
The banks/Saudi gov will auction it off or he’ll make to sell SpaceX stock to keep it.
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u/bornforlt 3d ago
- Why are gifs disabled? (
- Please pretend a gif from Daniel von Bargen from Supertroopers saying ‘ahhh, good’ after Farva realises he’s covered in powdered sugar was posted in lieu of this comment. K thx.
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u/solortape 3d ago
Think about all the good that could be done with that money and power, and he has spent it becoming the worlds biggest ass hat
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u/Savings-Giraffe-4007 3d ago
He will sell Tesla to xAI at 400% its real price, and the American taxpayer will pay for the loss. Probably illegal given the government ties, but no government level will prosecute this.
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u/Additional-Slip-6 3d ago
He wants us to feel sorry for him as the stock price tanks. He is clueless what he looks like to us as he waves a chainsaw at CPAC and brags about how many jobs he's randomly cut. He is apparently clueless about the lives he's ruined. The families he has ruined. The dreams of kids who depend on their parents. He does this to families while collection billions in government contracts. All for his ego. I hope the stock drops to zero.
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u/4LordVader 3d ago
And he still takes in 8 million a day from the government so who cares. It’s a company he stole from its founder anyway. So maybe the board with release him from his position
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u/CompoteTraditional26 3d ago
And in 50 years ……… Tesla will still be around and will be a larger company than it is today
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u/Impressive_Set_1038 3d ago
Then it would be a great time to buy Tesla stock now! Why not get rich off of him??
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u/Loud_Poet69 3d ago
So, people are happy that an American company is being targeted with violence? Only people who make, sell, maintain, and deliver these products will be hurt. I guess everyone is okay with all the wasteful spending the federal government does with our tax dollars 🤔
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u/Samantha-the-mermaid 3d ago
And yet that does not affect his quality of life if the someone living paycheck to paycheck lost $1,000 would be devastated. I once saw a mom cry at the grocery store she had lost a $20 Billionaires should be taxed !!!
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u/SmoothOpawriter 3d ago
It’s non-linear though, this only applies to the current price of the stock the lower is drop the less he’ll be losing per 2.43 price decrease
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u/seanandpatrick 3d ago
Good... fuck this loser. I yearn for day when I wake up to a Nazi free front page of any newspaper.
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u/Whatever-999999 3d ago
Good. I hope he gets completely bankrupt. I also hope he gets prosecuted for election interference.
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u/Parkyguy 3d ago
"If someone can lose billions a day and not feel any pain -- they can pay more in taxes." - Bernie Sanders.