Summary

Elon Musk’s fortunes have plummeted by $148 billion amid Tesla stock plunging nearly 50%, government protests, and setbacks at SpaceX and Starlink.

A White House event with Trump, meant to boost Tesla, instead highlighted Musk’s growing desperation.

Musk’s other ventures are also struggling—SpaceX rockets have exploded during tests and Starlink lost a Canadian contract.

His role leading DOGE is generating backlash, with Musk appearing increasingly defeated in public appearances.

His reputation, which previously weathered controversies, now faces unprecedented challenges due to his political alliance with Trump.

Non-paywall link

  • Gustephan@lemmy.world
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    1 day ago

    I don’t think that’s relevant in this case because I don’t think elon has the capacity to understand that. He’s a man that pays to cheat in online gacha games for clout; he is not emotionally built to handle seeing number get smaller and reacting rationally to that

    • Opinionhaver@feddit.uk
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      1 day ago

      Whether Elon understands this or not is irrelevant. The stock market’s mechanics don’t change based on his emotional reactions - paper losses aren’t actual until realized through selling. Your assumptions about Elon’s mental capacity are speculative and don’t affect basic facts: Tesla stock remains up 48% over last year. If you dislike Elon, that’s fair enough, but at least understand the basics before making claims about his comprehension.

      • Gustephan@lemmy.world
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        1 day ago

        So you’re telling me that stock markets don’t respond to investor sentiment, they respond to “basic facts”? Am I being trolled right now?

        • Opinionhaver@feddit.uk
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          1 day ago

          Nope, that’s not what I said. You’re building a strawman and moving the goal posts now. We’re talking about a single individual that you claim can’t emotionally handle seeing their stock value going down.