this post was submitted on 02 Oct 2025
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A Boring Dystopia
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I don't understand economics. All I hear about this guy is this went wrong for him and that and he floundered that thing and this other project of his is literally a dumpster fire burning money and the boards of every company he is involved in are furious at him because he keeps losing them money and he lost 2 fantastillion dollars in this hare-brained venture and, oh yeah, he now has more money than anyone in history ever including himself.
His worth is mostly from Tesla. Tesla's stock value is absurd and divorced from their market share and earnings.
To give an idea of how absurd Tesla stock is, Tesla valuation is higher than the next 35 automakers COMBINED!
Thisn article is from last year: https://www.newsweek.com/elon-musk-tesla-worth-more-35-next-biggest-automakers-combined-2006586
This isn't economics. The stock market is more of a casino.