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Walking The Efficiency Walk (lemmy.dbzer0.com)

submitted 4 days ago by miss_demeanour@lemmy.dbzer0.com to c/politicalmemes@lemmy.world

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[–] Cethin@lemmy.zip 2 points 3 days ago

Yeah, that doesn't really make sense. It also makes it easier for other people to buy, and a lot of his wealth is tied to their value. From a quick search, $117b of his $421b wealth is in Tesla stocks. So about 1/4 of his wealth is based on whatever Tesla stock value is at the moment. If it drops, he has a lot less to buy with, and some is already borrowed against. Basically his wealth drops at nearly the same rate Tesla value drops, while others may not have this issue. Those other people/groups are much more likely to buy out Tesla than Musk is in that situation.