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.

  • Eatspancakes84@lemmy.world
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    22 hours ago

    I mean, it’s just really hard to understand why all these billionaires have decided to become so politically active. 1.) they have more than enough money for 10 more generations at least. 2.) if there is a serious tax hike or other threat to their wealth they can always quietly buy off some key politicians. 3.) if you stick your neck out like Musk (and some other billionaire cabinet members do) you run the chance that people will want to cut it off. If I were a billionaire I would make it my lives mission to ensure that the general public does not know my name.

    • futatorius@lemm.ee
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      6 hours ago

      What well-adjusted person would want to become a billionaire?

      3.) if you stick your neck out like Musk (and some other billionaire cabinet members do) you run the chance that people will want to cut it off.

      That’s not a chance, it’s a certainty. People do want to cut it off.

    • timbuck2themoon@sh.itjust.works
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      17 hours ago

      It’s because they want it all. They have all the money. They want to be self righteous and proud of whatever thought that comes into their mind without having to hide it too.

      They’re billionaires already because they can’t stop. Ever.