Summary
Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.
Investors worried about market declines, recession fears, and Tesla’s growing controversy after Musk’s far-right rhetoric and mass government layoffs.
Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.
Despite his efforts, Tesla’s collapse cost Musk $23 billion in a single day.
He could lose 99% of it and come out completely unscathed. He lives in a reality separate from ours. The only thing he’ll feel is a bullet through the head. Here’s hoping!
I mean, so? I would rather him lose 99% of his wealth and be worth “only” $3.2 billion rather than him having a net-worth of $320 billion. Maybe that’s just me, though.