this post was submitted on 24 Oct 2023
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Hes down 200 billion due to other stocks tanking so its much worse than that
Turns out the real Tesla Deathrays were in Elons cars.
Thanks for reminding me that some US Navy warships are armed with legit directed-energy beam weapons.
I'm sure this isn't credible, but:
https://www.forbes.com/profile/elon-musk/?sh=63510bfb7999
Credible or not, the guy certainly isn't searching his couch cushions.
Net worth ≠ has that money to spend. You can be worth Y amount yet have very little actual cash depending on the circumstances. Of course, you could also borrow the money depending on how much collateral you put up.
I understand it isn't the same, but when we're dealing with numbers that far beyond human comprehension I'm not sure it matters all that much any more.
Under normal circumstances, maybe, but this guy has made some mistakes lately that mean he’s pretty heavily leveraged and is under some heavy legal liabilities. He’s not as liquid as his valuation might suggest, and due to his liabilities, he doesn’t have the flexibility to just buy whatever he wants right now. Anyone paying attention to recent news can infer this about his financial disposition without knowing the specifics.
His shares of Tesla (660B), SpaceX (150B), Boring Co (7B) and Neuralink (5B) give him all the credit he needs. Plus he's got some good investor friends (as we saw in the Twitter purchase). He doesn't even need to liquidate any holdings.