United States | News & Politics

2505 readers

708 users here now

Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

simsymbiote@midwest.social

Type1@midwest.social

222

Musk Melts Down as Tesla Stock Price Plunges (www.rollingstone.com)

submitted 1 day ago by cm0002@lemmy.world to c/usa@midwest.social

49 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] pedz@lemmy.ca 14 points 13 hours ago* (last edited 13 hours ago) (2 children)

Those headlines always make it seem like a big deal, but I'll only allow myself some joy when I'll know for sure Elon Musk will be homeless. Times and times again I've seen headlines like this, where billionaires are losing billions, the stock market is crashing, it's never been this bad!!! But in the end, they eventually get those billion back and nothing changes.

[–] JacksonLamb@lemmy.world 3 points 13 hours ago

I agree with you. Musk alao has a long history of manipulating Teslas stock prices up and down for his own eventual benefit.

[–] CaptPretentious@lemmy.world 2 points 13 hours ago

He won't be homeless, but most of his 'wealth' is just the value of that stock. The lower it is, the less of a threat he is.