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Thats more of a psychological level than a fundamental level imo.

This is the Elon bubble bursting with the part of tesla's valuation that was tied up in the belief that Elon was a visionary genius, going up in flames.

Hard to know where this finally settles tbh. As has been mentioned, if you value tesla as an automaker and not some growth tech stock, it could easily go to 20-30 a share.

The cult of Elon could circle the wagons and keep it north of 100 though, absolutely
He is a visionary though. Just not the kind that's good for humanity as a whole.
 
It’s possible to be both a visionary and a doofus. What he had done for electric vehicles and space travel really can’t be measured in market cap and net worth.

but also self owning by buying a worthless company for an insane amount of money for no real reason and then alienating all the users for also no real reason is insanely dumb.

still likely a net positive benefit to humanity.
 
It’s possible to be both a visionary and a doofus. What he had done for electric vehicles and space travel really can’t be measured in market cap and net worth.

but also self owning by buying a worthless company for an insane amount of money for no real reason and then alienating all the users for also no real reason is insanely dumb.

still likely a net positive benefit to humanity.
For all his faults he's been instrumental in pulling the world kicking and screaming into non fossil fuel energy and EVs.

The rest though. Oof.

Also, did he really buy it? Or did he fuck idiot investors? The loss on the books will also offset any taxation for decades.
 
It appears that he's in for about half the purchase price. The other half is a combo of loans backed by twitter itself and investor cash and stock rollovers
 
I'd say most of the world would go EV with or without Tesla. Definitively made it "cool" in NA, if unattainable for most.
 
I'd say most of the world would go EV with or without Tesla. Definitively made it "cool" in NA, if unattainable for most.

I used to believe that Elon dragged the major automakers in kicking and screaming, but after learning a bit more about the history of EV programs, I've shifted a bit there. Europe has had legislation promoting EV manufacturing since 2006, and the US since 2011. Well before Tesla was mass producing any of its vehicles. Agreed that its more of a cool factor thing...all we had before was things like the Prius and Leaf.

Its a case of good government regs laying the foundation for culture to shift in the exact direction the regulations intended.
 
It appears that he's in for about half the purchase price. The other half is a combo of loans backed by twitter itself and investor cash and stock rollovers
For Elon, twitter is a drop in the bucket. But the insanity has been his time at the top tanking tesla and his overall reputation is going to be what really hurts him.
 
For Elon, twitter is a drop in the bucket.

I keep seeing this said online, but I disagree. So much of his net worth is illiquid market hopium based on the idea that he's a massive genius. He owns about 17% of Tesla now (and the days of him awarding himself epic bonuses are likely over, that's a shareholder group on the edge of open revolt), and that 17% share is worth about 70B, down from his TSLA holdings being worth over 200B. SpaceX is private so has no current market valuation to lean on, but I would bet that the "it's worth 140B" valuation has died a painful death along with the idea that Elon is a revolutionary genius. It's a company that does 2-2.5B in total revenue that has remained relatively flat since about 2017, even if the margins are spectacular, that's a company worth maybe 10-12B and Elon owns 47% of it. They exist mostly off of NASA contracts and Starlink revenue. Neither of which are likely to see explosive growth any time soon. The Boring Company & Neuralink are both useless from a valuation standpoint imo.

None of this is to say that he's broke, obviously. Even if everything unwinds on him and he loses "everything", he's still going to be at minimum a single digit billionaire, or wealthy beyond reason by all standards. But...it does mean that taking a personal 25B write down on twitter (which is likely when this all ends imo) is going to turn out to be a significant portion of his wealth evaporating on this move, potentially the majority of it by then.

If Tesla drops to a normalish valuation for an automaker (Elon himself said last night that Tesla is basically fucked without self driving tech playing out for them), it's maybe a 50B company. Elon's share of that is about 9B. He could sell SpaceX for ~10B and his share would be ~5B. Boring and Neuralink are worthless. Yeah...writing down 25B on burning twitter to the ground would hardly be a drop in the bucket at that point.
 
I keep seeing this said online, but I disagree. So much of his net worth is illiquid market hopium based on the idea that he's a massive genius. He owns about 17% of Tesla now (and the days of him awarding himself epic bonuses are likely over, that's a shareholder group on the edge of open revolt), and that 17% share is worth about 70B, down from his TSLA holdings being worth over 200B. SpaceX is private so has no current market valuation to lean on, but I would bet that the "it's worth 140B" valuation has died a painful death along with the idea that Elon is a revolutionary genius. It's a company that does 2-2.5B in total revenue that has remained relatively flat since about 2017, even if the margins are spectacular, that's a company worth maybe 10-12B and Elon owns 47% of it. They exist mostly off of NASA contracts and Starlink revenue. Neither of which are likely to see explosive growth any time soon. The Boring Company & Neuralink are both useless from a valuation standpoint imo.

None of this is to say that he's broke, obviously. Even if everything unwinds on him and he loses "everything", he's still going to be at minimum a single digit billionaire, or wealthy beyond reason by all standards. But...it does mean that taking a personal 25B write down on twitter (which is likely when this all ends imo) is going to turn out to be a significant portion of his wealth evaporating on this move, potentially the majority of it by then.

If Tesla drops to a normalish valuation for an automaker (Elon himself said last night that Tesla is basically fucked without self driving tech playing out for them), it's maybe a 50B company. Elon's share of that is about 9B. He could sell SpaceX for ~10B and his share would be ~5B. Boring and Neuralink are worthless. Yeah...writing down 25B on burning twitter to the ground would hardly be a drop in the bucket at that point.
I meant it more as a statement that if he bought twitter, it tanked and cost him a ton, but he didn't reveal himself to be a total moron in the process. The amount he loses on Twitter is absolutely dwarfed by the amount he loses when tesla drops.

But the big thing as you say is that his worth is tied mostly to "potential". It's not Microsoft or Amazon or something that has built up their market. And so this twitter meltdown is showing people who Musk really is, that's making people rethink that potential.
 
I never got the potential thing. It’s not Tesla are brand new and we need to investigate them in the marketplace. SpaceX has been around 5 or 6 years now too.

Elon isn’t a 22 year old either. He’s been around long enough now
 
I never got the potential thing. It’s not Tesla are brand new and we need to investigate them in the marketplace. SpaceX has been around 5 or 6 years now too.

Elon isn’t a 22 year old either. He’s been around long enough now


Elon just did an amazingly good sales job, is all.

He really did have a large amount of the public convinced for years that he was a super-genius real life Tony Stark or Nikola Tesla that was on a mission to save humanity. Whether through combating global warming with revolutionary zero-emission self-driving electronic vehicles, public transport systems and home power systems, or by colonizing the solar system.

To the point where tons of people—both big money types and mostly progressive, left-leaning regular people—threw gobs of their money at his ventures because they wanted to get in on the ground floor of that.
 
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