This isn’t economics. The stock market is more of a casino.
Comment on Musk becomes first person to hit $500 billion net worth, Forbes list shows
Lumidaub@feddit.org 6 days ago
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.
boonhet@sopuli.xyz 6 days ago
bigfondue@lemmy.world 5 days ago
His worth is mostly from Tesla. Tesla’s stock value is absurd and divorced from their market share and earnings.
BastingChemina@slrpnk.net 5 days ago
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: newsweek.com/elon-musk-tesla-worth-more-35-next-b…