Elon Musk is no longer the richest person in the world

Bernard Arnault is now the richest man in the world, dethroning Tesla CEO Elon Musk after a continued decline in Tesla share price, according to Forbes.

CNBC

ElMu didn't watch Season 3 of Fargo

https://www.youtube.com/watch?v=N7Wami6CJiA

What being rich means

YouTube

Nasdaq +1.40%
S&P +1.19%
Tesla -6.27%

Owning the libs by crashing my stock on a decently performing day overall

ain't no "floor" on that 5Y chart either

it's slim Pickens time

I'm not a stocks guy but while it's been hovering around here for a few weeks, this is the lowest the stock has been valued in two years
sell the dip!
No planned sales, only desperate UNplanned sales!
Gonna be funny if some necessary, but replaceable equipment gets broken/fails, but they can't do anything about it because they aren't paying vendors

"Macroeconomic tides go in, macroeconomic tides go out. You can't explain that."

hey is it against the law to use your public company as a slush fund for you private company?

seems like a liquidity death spiral

Kiss of death

No further $TSLA sales?

No, further $TSLA sales!

https://www.ft.com/content/d6177c0a-b2a7-4de2-ac18-1a6126054666

Elon Musk offloads another $3.6bn of Tesla stock

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Financial Times
Tesla investor calls for a new CEO as as Musk shift focus to Twitter

KoGuan Leo owns $3.57 billion of Tesla stock, building his stake during the pandemic when shares traded at a split-adjusted price of about $40.

Markets Insider
I expect very soon talking about Tesla stock will be bannable because it doxxes Wall Street or something
To be fair he's killing not just the company but also the passengers and other road users
a man who is definitely not leveraged to hell and back, and who is not afraid of his entire house of cards crashing down
Tesla Investors Fed Up With Elon Musk as Stock Crashes to Lowest Level in Two Years

Investors have reportedly grown worried that Musk’s behavior will adversely affect Tesla sales.

The Daily Beast
whole bunch of people who have only ever bought shares in one company going wait, number can go down?
After $700 billion drop, angry Tesla investors say Elon Musk has "abandoned" them

Shareholders are increasingly airing their grievances about Musk's focus on Twitter and his decision to sell billions in Tesla stock.

CBS News
frame that and hang it in the Smithsonian
That's illegal, right? What the fuck
Big "NUH UH! I did my homework!" Energy from ol' musky
It's kind of funny that a giant bank running things will be a step up just because they won't be doing their Roman Emperor impression with the company. And not a good or well known emperor. One of the shitty third century ones that lasted three years and nobody remembers.

Just find a sycophantic tweet and parrot it back to them, making it your new bedrock belief. That's how you Elon

YoY Tesla is down by over 43% - more than any other major car manufacturer including Chevy, Ford, Honda, Toyota and Nissan (closest at -37%).

yeah the cash flows out

Hmmm QQQ (top 100 tech stocks ETF) is down 32% year to date

TSLA is down 62% year to date

Applying some advanced math, we can actually identify a divergence between these figures

Emotional Support Stock
Once you pop the fun don't stop

It all returns to nothing...

Tumbling down, tumbling down, tumbling down...

"My garbage company’s stock is eating shit. This is the bond market’s fault!!!!!"

Yeah its basically ELI5 risk free rate and risk premium, and how those impact valuations. But its not the issue with TSLA since various indices are outperforming it.

he's also talking mad shit and lashing out on twitter at investors, which is always something they appreciate

"groimes it's colled dollar cost evridging"
more like Jason De Dolt
Tesla's earnings miss is gonna be a sight to behold come the end of Q4

Wrapping yourself in the Qanon nonsense is a great move by your brand ambassador, why don't the Twitter advertisers get that?

The "My pronouns are Prosecute/Fauci" tweet will go down as the worst post in history (at least so far).

Elon is clearly the worst poster ever.

"New poll: Should everyone stop selling their Tesla stock? Shareholders must abide by the results."

"WELL HOW WOULD YOU DO IT THEN???"
He's lost them.

lmao this is how you preserve value on your freefalling stock

the dude just can't help himself

"Excellent dig sir, got 'em again and call the burn unit, but please elon please do something my retirement depends on this elon please."
I'm guessing he was on the receiving end of some pretty spicy DMs from elon stans
Someone help me my company is dying
Tesla Reportedly Plans Layoffs And Hiring Freeze Amid Stock Turmoil And Musk’s Twitter Meltdown

Tesla Stocks have plummeted 64% since Musk announced his 9% stock in Twitter on April 4.

Forbes
Nothing says growth industry like mass layoffs
@cspam it’s just a 3-5 year drop. Perfectly normal
@cspam yeah I don't blame them, I would want nothing to do with that guy.