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.

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  • exixx@lemmy.world
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    2 months ago

    If he was bankrupt and on the street that still would not be enough for me at this point.

    • Sciaphobia@lemm.ee
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      2 months ago

      For someone as monstrous as him, what punishment could even be appropriate? What possible way could such aggressively destructive and anti social behavior be rehabilitated? I struggle to call anyone a lost cause, but if anyone ever was…

  • Opinionhaver@feddit.uk
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    2 months ago

    Nobody loses anything when stock prices go down unless they start selling at a loss. Tesla stocks are up 48% from a year ago. They’re only doing bad compared to 2 months ago when the price was at all time high.

    • imetators@lemm.ee
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      2 months ago

      Shhhh. Lemmy doesn’t want to hear truth. Neither they want to hear that Musk actually doesn’t own tesla, only 12.8% of it. He still has billions of his own money and is set for life.

      Unless he got Luigi-ed, he has nothing to worry about.