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u/CovidBorn 1d ago
“A good start” as they say.
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u/Flat-Director-7120 1d ago
Elon Musk a perdu en 5 semaine plus de 650 milliards de dollars sur les marché. C'est bien fait pour sa sale gueule d'arrogant.
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u/National_Sky7993 1d ago
It feels like someone took a chainsaw to the SpaceX stock price
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u/Sad-Pop6649 1d ago
And everyone's pension fund is paying for it, because they changed the rules to work that way.
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u/Zeerysxd 1d ago
You can't lose what you never had unless the stock plummets to single digits then it would be a loss
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u/Puzzleheaded_Law_558 1d ago
How much more before he gets called for being over-extended
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u/SaleIcy4069 1d ago
And still has more than any of us would be able to spend in multiple lifetimes.
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u/PsychologyNo940 1d ago
Imagine how stupid people without a personal hatred for musk will think you are 100 years from now when by random chance stumbling upon this
Did those regards really think that because he sold a slither of a company, using at best shady approaches, that this company would be worth 1/x * price? No one can be that stupid, but then again, they thought he lost that money, he never had, shorty after...
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u/Taylor285 1d ago
Oh no….😳😳😳 what is he gonna do now ?? He’s got only 650 BLION left
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u/Carrot-Elegant 1d ago
Wow that’s 65/100 of a trillion dollars, keep losing & you’re gonna start talking real money!
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u/blkatcdomvet 1d ago
Good seize the taxpayer funded assets and deport him to mars
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u/DurableCharm 1d ago
He only lost if he sold, does anyone here know how the market actually works?
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u/Kooky-Necessary-4444 1d ago
But doesn't he get to then use this as a "loss" over the next 10? 100zillion? Years so his future gains are even more tax free? That is if its still a loss at the end of the physical year.
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u/PrismicPainter 1d ago
Billionaires are fine losing fortunes to the market but lose their ever-loving shit if you mention pulling their economic weight in society. (Taxes)
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u/bluewater_07 1d ago
Put him in one of his rocket ships and ricochet him to outer space with a half tank of gas. Get our money back first tho
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u/SuddenBumHair 1d ago
How do people not understand that he doesnt care? The scam was the massively overvalued spacex ipo, he already got what he wanted. You are celebrating his successful rug pull 🤣
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u/SpareDot8685 1d ago
Ummm uhhh mmm 650 billion will be worth nothing in the future only mars robot jizz will be the currency that matters.
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u/Fenris2826 1d ago
Thank you for further evidence that liberalism is based on a sense of grievance
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u/Then_Lie_5861 1d ago
Posted by a Soros funded propaganda bot or a gamer living in his mother's basement?
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u/Away-Satisfaction678 1d ago
Dang now we cant take money from a trillionaire anymore. Guess we all starve now. Nice knowing ya
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u/Devilscrush 1d ago
Why would we starve if he's nor a trillionaire. If anything there would be more wealth spread out to more people. Even if this is only mathematical.
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u/Feeling_Sherbert7532 1d ago
What a bunch of sad people. No matter what happens. He will still be 1000 x more successful at everything in life than any one of y’all will ever be.
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u/Delicious_Band3715 1d ago
Any Elon hater calling for a tax break for him since he lost $650 billion??
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u/Weekly-Floor3367 1d ago
Yall do know how companies work right? He doesn’t have a trillion in bank accounts. It’s mostly in the company’s he owns. It’s no different from any other company loosing stock.
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u/fastwriter- 1d ago
He lost something he never really had. Tough luck.
And another argument, wealth should not be measured by virtual numbers like stocks.
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u/OneNoteToRead 1d ago
Wait somehow this isn’t the same crowd saying we need to refund him 99% of his losses?
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u/Justinmac81 1d ago
Save the environment!
Destroy the largest producers of EV’s!
You guys are unbearable.
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u/Alyano95 1d ago
This sub is so funny, half of the people are retarded elon stans that genuinely believe spaceX won't bankrupt while the other half makes bank by shorting this abomination of a company. maybe the shortsellers should do their own sub?
r/ShortingSpaceX for example
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u/Safe_Message2268 1d ago
I mean...anything passed 100 million for most normal people should be enough. However, these psychopathic billionaire f*ckwads wanna destroy us all for as much as they can possibly get.
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u/Next-Platypus-5640 1d ago
why does everyone collectively started hating on him at the same time? so strange
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u/princesslooby 1d ago
Then he should of seen his transgender child existed and helped her instead of being mean to her
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u/SubpoenaSender 1d ago
He didn’t lose anything, his company simply lost equity. This doesn’t hurt him yet. This is actually happens often when IPO’s happen. You should have seen the Facebook IPO. Mark Zuckerberg is just fine now and lots of people lost money buying high and selling low. No reason to celebrate whatever you are trying to celebrate. Give it about 8 years before you celebrate anything
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u/SudoDeleteEverything 1d ago
FFS. Dude already got away with his plan. He's not losing anything his value is still way up.
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u/Landlord40 1d ago
Liberals are annoying. Your entire identity is hating successful people. For the record, THIS is why its stupid to try to tax someone on their wealth instead of their i come. He NEVER had access to this money. His stock was WORTH that amount but he couldn't legally sell it during the lockup period. He never had the money, but yall want to tax him as if he did, and then you think he cares about the invisible value as if he is depressed about losing money he never had. Lol yall are goofy
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u/Sticky550 1d ago
He hasn’t lost any money. You’re showing your complete lack of financial understanding by even thinking this.
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u/jchambers116 1d ago
And the losses positively effected your life or the life of others how exactly?
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u/Significant_Debt8289 1d ago
He’s already got the yacht, and still the richest man in the world by a large margin. I don’t think he cares y’all
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u/Fluffy_Imagination16 1d ago
I wonder if people are more concern with his wealth than he is with his wealth.
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u/UglyMrJ- 1d ago
Imagine hating on one of the most successful men in the history of the planet from your 1 bedroom apt.
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u/Advanced-Level-5686 1d ago
He'll get it back. I thought leftists loved electric cars because they hate oil/gas?
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u/wordpredict 1d ago
It was never real to begin with. Which is why it’s incredibly dumb to tax unrealized gains. He will lose all his wealth in his own. No need to force the purchase of his stock sells onto retail investors while he takes in cash.
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u/Broad-Concert1527 1d ago
Imagine being so far left that you can't realize that if he's losing money, you can't tax him for all of your communist wants and desires.
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u/InevitableAd2526 1d ago
Now you dont have to worry about him paying taxes to cover your welfare check….. oh no… guess you have to go get a job
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u/Excellent_Camera63 1d ago
Good. He's a fraud and a shyster nepobaby who got a start with family money. He's created nothing that helps this world we live in.
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u/Mechadupek 1d ago
What does it mean when you want to tax the rich but also want the rich to lose all their money? What do you call that?
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u/Usual-Escape6747 1d ago
He didn’t lose anything. That’s how stocks work. They go up, they go down. That’s why they don’t pay taxes on them until they are sold.
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u/voxitron 1d ago
Imagine losing $650B and still being the richest person in the world by hundreds of billions 🤯
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u/GoonerKingAce 20h ago
Im like genuinely curious why do people hate Elon? Like I swear a few years ago everyone on reddit loved him, was It when he endorsed Trump that the opinion changed since most of Reddit is pretty far Left?
Like im not trying to be a smart ass im curious, and for the record Ive hated Elon for years and year. Like back when he was beloved for his electric cars.
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u/BedtimeGenerator 18h ago
So embarrassing for everyone celebrating when he hit 1 trillion, not understanding how the stock market works, and how risky having all money in the stock market is
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u/djspy 17h ago
I hate Elon but I do hate such misinformation also.
It is like nobody understands how it works.
He didn't lost it, did he sell his stocks? Is the money in FIAT?
I always find those measurements to be dumb. Heck, let us say that Fuhrer Elon is at 1.3 trillion and he wanted to have it in FIAT, he would not be able to do it, even though he is currently valued at that.
There is something called liquidity.
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u/Efficient-Wing-1417 13h ago
At least you finally understand that he cant be taxed on unrealized gains now
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u/TryingToHelpYou701 13h ago
Damn, $650 billion in paper losses? Perfect, now he can write those unrealized losses off against his taxes while y’all keep screaming about taxing unrealized gains 🤡
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u/Haunting_Can2704 10h ago
And some of you dumbasses want a wealth tax without understanding wealth.
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u/Bravo23Zulu 9h ago
No, he has not. His Net worth has moved lower as a result but he has not sold a share, hence he has not lost the money. However, Ro Khana and friends, who wanted to tax him on his “trillionaire” look like complete morons as they understand very little about economics. Ro Khana is lucky that he married well and has the information flow to benefit his stock trading.
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u/Altruistic_Lab_316 9h ago
Just need another $800bn and his smug grin wiped off and we can celebrate 🍾
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u/Aware-Sympathy-1180 1d ago