• vortic@lemmy.world
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    1 month ago

    I’m not sure that Elon is feeling that much pain. His investors are, but he’s so rich he barely notices. That, or it might be the ketamine.

    • danisaur@lemmy.world
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      1 month ago

      I think he’s completely sweating. Since his wealth is based on Teslas stock price. It’s also an open secret that the way billionaires avoid taxes is taking out loans that are leverage on their stock value and use it as “income”. As long as their stock goes up, they stay rich. But if the stock price goes down, banks will probably start to collect on those loans and that’s when spiral begins (selling of assists). He still has spacex though…which is sadly sustained by the government.