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madville

(7,829 posts)

16. He doesn't really have that much

Reply to Ziggysmom (Reply #3)

Sun Oct 5, 2025, 10:32 AM

Oct 5

The vast majority of his wealth is the value of the stock and companies, and that is overinflated x10 and would quickly crash to a fraction of it’s current value if the government tried to take it and sell it off. His liquid assets are probably 1% or less of his net worth, just say it’s 5 billion. Confiscate and divide that among the US population and everyone gets about $15.

It’s just not really much money to the population as a whole. The value of Tesla stock (trillions) IS important to many state, municipal, and union pension funds and investment accounts though, greatly devaluing it would hurt many millions of people.

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Highlight:

Musk hits $500 billion milestone as Tesla, SpaceX, xAI valuations rise [View all] Polybius Oct 4 OP

Of course, the US dollar has dropped something like 15% against other currencies this year Fiendish Thingy Oct 4 #1

Here's a meaningful number: FoxNewsSucks Oct 4 #2

Just think of the good that could be accomplished if that money was even partly Ziggysmom Oct 4 #3

He doesn't really have that much madville Oct 5 #16

If you stacked a billion one dollar bills into a pile that was 48 X 40 feet,... LudwigPastorius Oct 4 #4

And it's not really much money globally madville Oct 5 #15

If you lined up Musk's one dollar bills end-to-end... LudwigPastorius Oct 5 #17

I know this is anathema... almost heresy... to say in this country, slightlv Oct 4 #5

I think we'll start to see a real push for a universal basic income when AI starts to take the jobs of... LudwigPastorius Oct 4 #6

I agree... and have agreed for some years now about he UBI. slightlv Oct 4 #7

That Tesla shit stock is at 430.00 and is worth 43..maybe. Talk about CULT buying... Bengus81 Oct 4 #8

The government is not allowed to make a profit. So is the value of these Elon profits figured in2herbs Oct 4 #9

Who the F is buying Teslas? mdbl Oct 4 #10

Me in 2024 Polybius Oct 4 #11

I don't count anything past last November. mdbl Oct 5 #13

We'll see what happens when my lease is up Polybius Oct 5 #14

Unfortunately, I'm seeing more and more of them on the road... llmart Oct 4 #12

Good for him... I guess. Torchlight Oct 6 #18