Elon lost value on paper. He didn't lose $34 billion in physical assets (gold, property).
Sure, if he wanted to trade the paper for physical assets, he would not get as much as he did on Tuesday. But this wasn't someone going to Scrooge McDuck's hose and vacuuming out his money vault.
It doesn't matter. These political swings to Tesla's stock are very similar to how Tesla stock went down when musk puffed on that joint on Joe rogan's show.
It makes no difference but it's a great opportunity for investors to buy Tesla stock at temporary low points.
Tesla is finally actually putting full self driving on the road in Austin and putting it into practice and that's going to make an amazing revenue stream for the
Tesla is also about the start production on their amazing robots which everybody estimates to be a much better more profitable industry than car making
Tesla is steadily increasing their huge market share and the size of the market for their solar power plant battery stabilizing units and solar power plants are being built all over the United States at an unheard of rate that most people aren't aware of. So the market for that product is exploding.
So in summary Tesla's future regardless of car performance is assured and it looks like it will have huge new profitability centers that dwarf the profitability from its car business.
and lastly elon's got plenty of money and he doesn't worry about fluctuations of 10% in his net worth because he doesn't overleverage himself and number two his SpaceX company of which he holds the majority of the private shared of the stock is now bringing in 15.5 billion dollars a year in revenue so his wealth from the SpaceX company May soon dominate his total wealth and far exceed his wealth from Tesla stock although both will be huge. It's highly likely Elon will be the first trillionaire within the next 5 to 10 years.
[ + ] Sleazy
[ - ] Sleazy 1 point 12 hoursJun 6, 2025 06:52:28 ago (+1/-0)
[ + ] bobdole9
[ - ] bobdole9 1 point 12 hoursJun 6, 2025 06:47:11 ago (+1/-0)
[ + ] Conspirologist
[ - ] Conspirologist [op] -1 points 12 hoursJun 6, 2025 06:50:56 ago (+0/-1)
[ + ] bobdole9
[ - ] bobdole9 0 points 11 hoursJun 6, 2025 08:09:30 ago (+0/-0)
That's still a physical item.
Elon lost value on paper. He didn't lose $34 billion in physical assets (gold, property).
Sure, if he wanted to trade the paper for physical assets, he would not get as much as he did on Tuesday. But this wasn't someone going to Scrooge McDuck's hose and vacuuming out his money vault.
[ + ] Crackinjokes
[ - ] Crackinjokes 0 points 13 hoursJun 6, 2025 06:15:33 ago (+0/-0)
It makes no difference but it's a great opportunity for investors to buy Tesla stock at temporary low points.
Tesla is finally actually putting full self driving on the road in Austin and putting it into practice and that's going to make an amazing revenue stream for the
Tesla is also about the start production on their amazing robots which everybody estimates to be a much better more profitable industry than car making
Tesla is steadily increasing their huge market share and the size of the market for their solar power plant battery stabilizing units and solar power plants are being built all over the United States at an unheard of rate that most people aren't aware of. So the market for that product is exploding.
So in summary Tesla's future regardless of car performance is assured and it looks like it will have huge new profitability centers that dwarf the profitability from its car business.
and lastly elon's got plenty of money and he doesn't worry about fluctuations of 10% in his net worth because he doesn't overleverage himself and number two his SpaceX company of which he holds the majority of the private shared of the stock is now bringing in 15.5 billion dollars a year in revenue so his wealth from the SpaceX company May soon dominate his total wealth and far exceed his wealth from Tesla stock although both will be huge. It's highly likely Elon will be the first trillionaire within the next 5 to 10 years.
[ + ] Sleazy
[ - ] Sleazy 0 points 12 hoursJun 6, 2025 06:53:30 ago (+0/-0)
[ + ] NegaroNegaroNeeegaro
[ - ] NegaroNegaroNeeegaro 0 points 11 hoursJun 6, 2025 07:39:02 ago (+0/-0)