this post was submitted on 14 Mar 2025
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Summary

Elon Musk’s fortunes have plummeted by $148 billion amid Tesla stock plunging nearly 50%, government protests, and setbacks at SpaceX and Starlink.

A White House event with Trump, meant to boost Tesla, instead highlighted Musk’s growing desperation.

Musk's other ventures are also struggling—SpaceX rockets have exploded during tests and Starlink lost a Canadian contract.

His role leading DOGE is generating backlash, with Musk appearing increasingly defeated in public appearances.

His reputation, which previously weathered controversies, now faces unprecedented challenges due to his political alliance with Trump.

Non-paywall link

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[–] [email protected] 5 points 1 day ago

I hope he loses it all

[–] [email protected] 16 points 1 day ago

I hope he continues to suffer

[–] [email protected] 27 points 1 day ago

He has still not lost enough. I wonder how long this "take money as a loan from the company to avoid paying taxes" will work. Hopefully, they will stop this and thus make him pay taxes for years and billions.

[–] [email protected] 4 points 1 day ago

Elon Musk, the biggest loser of all time. Shocker.

[–] [email protected] 14 points 1 day ago

Music to my eyes. If there ever is a person deserving of this treatment, it’s him.

[–] [email protected] 20 points 1 day ago (1 children)

You know, they say this Musk guy is such a smart businessman, but I personally have NEVER lost $148 billion, much less in the span of two months.

[–] [email protected] 5 points 1 day ago

Isn't it just hilarious how somehow, being rich just gets one a free pass to also "be smart"?

[–] [email protected] 68 points 2 days ago (4 children)

If he was bankrupt and on the street that still would not be enough for me at this point.

[–] [email protected] 25 points 2 days ago

If he keeps losing money he'll eventually hit the illegal immigrant zone and get taken go Gitmo.

[–] [email protected] 4 points 1 day ago* (last edited 1 day ago)

If I saw him homeless on The street id buy him a cake then smash the cake in front of him

[–] [email protected] 2 points 1 day ago

For someone as monstrous as him, what punishment could even be appropriate? What possible way could such aggressively destructive and anti social behavior be rehabilitated? I struggle to call anyone a lost cause, but if anyone ever was...

[–] [email protected] 2 points 2 days ago

I would hand him a bottle of pee if I saw him homeless on the strret.

[–] [email protected] 46 points 2 days ago (4 children)

It's almost like the whole planet is bullying xelon. He seems so sad, he's losing so much. So many negative memes & comments. Stories about how corrupt he is and how unsafe all his businesses are. I'll bet he's teetering on the edge of a MASSIVE mental meltdown. So, citizens of Earth, keep bullying elon!

[–] freebee 27 points 2 days ago (2 children)

all he had to do was shut up online.

[–] [email protected] 12 points 2 days ago

That's how I feel about trump. All he had to do was keep committing fraud and crimes quietly. Instead he decided to make us all aware of what a colossal fuck up he is. Xelon is like his twin. May they both hang as US traitors.

[–] [email protected] 5 points 2 days ago

two billionaires, unfathomably rich individuals, in the last ten years that having a good public image was overrated, but decided they'd rather use their platform to hurt people, and alienate anyone who liked them, but wasn't a raging bigot. is the allure of being mean to people on twitter.com that great?

if Musk had shut up just 5 years ago, he'd probably have more money, more respect, but somewhat less power. instead he's become the guy a lot of people are excited to see have a total breakdown, and hopefully lose everything.

[–] [email protected] 7 points 2 days ago (1 children)

when the gigafactories stop producing.

[–] [email protected] 5 points 2 days ago

That's the name of the documentary of xelons fall from riches.

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[–] [email protected] 9 points 1 day ago

Pathetic. Irresponsible. The most I’ve ever lost in a month was $20

[–] [email protected] 29 points 2 days ago (4 children)

I've been wondering about this... Billionaires do the "borrow against their holdings so they pay no taxes, do it again to pay those off, then die" thing

So his holdings doubled and crashed back down (and still falling) over the course of a few months. He leveraged a ton of it to buy Twitter, which has also crashed.

So is there a point where he loses everything? If Tesla drops too low, can they call in the debt?

He doesn't seem to own much property directly, even his mini home is basically a publicity stunt while he basically lives with various friends

So if his stocks continue to crash, is there a point where it all just falls apart?

[–] [email protected] 19 points 2 days ago (1 children)

The sad part is, even if his empire disappears, he's still gonna leave wealthier than most of us.

[–] [email protected] 9 points 2 days ago (4 children)

No, he'd be killed. He's made too many enemies... Both in his peers for revealing himself to be a liability, and among the working class worldwide

If he falls out of grace, he's going down like Epstein, if not by the adjuster

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[–] booly 4 points 1 day ago (1 children)

So is there a point where he loses everything? If Tesla drops too low, can they call in the debt?

Yes, to whatever extent that Elon-owned stock is pledged as collateral for his personal loans. Loans like that always carry provisions where the lender can call in the collateral if the value drops to a certain ratio of the overall loan balance.

So if Tesla stock plunges enough (and we have no way of knowing exactly how much is enough), that can cascade to where Elon needs to put up some cash, or other property, or pledge more shares, or it all comes crashing down where his collateral gets wiped out at the bottom.

[–] [email protected] 1 points 1 day ago

Thanks, I thought so but it's good to have confirmation my fantasy could play out

[–] [email protected] 11 points 2 days ago* (last edited 2 days ago) (1 children)

Lovely imagery, but I think words get in the way of the magnitude of the wealth here.

There's (unfortunately) not a realistic scenario where he's not a billionaire.

[–] [email protected] 13 points 2 days ago (2 children)

You want me to paint a picture? I'm watching a god bleed, and now I'm wondering what it takes for one to fall

You can say it's impossible, but we're in the onion timeline. We're so far beyond anything humanity has ever gone through before... History might rhyme, but we're in uncharted territory

[–] vaultdweller013 6 points 2 days ago (1 children)

Nah this is charted out somewhat well. There have been many untouchable folks with so much wealth, power, and influence so as to be almost divine in folks eyes. While plenty have lived into old age plenty still died choking on their own blood with a noose around their neck. I'm hoping for the latter personally.

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[–] [email protected] 3 points 2 days ago (1 children)

What it takes for gods to fall? I'd say a titanic effort, but we know how that ended. Perhaps apropos.

[–] [email protected] 5 points 2 days ago

Gods die when mortals no longer worship them.

[–] AlecSadler 3 points 2 days ago

It just means he'll continue to double down on his current activities. Like a cornered rat, he has nothing to lose now. So he will break every law possible to maintain.

Which is not good.

[–] [email protected] 10 points 2 days ago (1 children)

148.2 billion. He gave 200 million to Trump!

[–] [email protected] 6 points 1 day ago* (last edited 1 day ago) (1 children)
[–] [email protected] 17 points 2 days ago

How to lose $148 billion in less than two months

Step 1. Have $148 billion or more

...Shit, this guide is useless.

[–] [email protected] 23 points 2 days ago* (last edited 2 days ago)

First it was Twitter, and now this. Boy, Elon sure knows how to make himself look like a "genius."

[–] [email protected] 12 points 2 days ago

Trump bankrupts everything he touches, including people

[–] [email protected] 14 points 2 days ago

Maybe he'll wake up with a conscience one day and start an epic redemption arc and... Eh, who am I kidding

[–] [email protected] 5 points 2 days ago

That's it, elon. You're outlived your usefulness

[–] [email protected] 6 points 2 days ago (1 children)
[–] [email protected] 4 points 2 days ago

I hope we get rid of rim soon, one way or the other.

[–] [email protected] 10 points 2 days ago

I hate when this happens /s

[–] [email protected] 2 points 1 day ago

This is so funny. 🤣

[–] [email protected] 3 points 2 days ago

so far like a few months bubble bursted on tsla stock, and thats not the first time.

[–] [email protected] 2 points 2 days ago (1 children)

Here's hoping that Musk is someday forced to live on social security. Or dead. Either outcome would be fine by me.

[–] [email protected] 6 points 2 days ago (1 children)

Well, we'll all be dead someday.

[–] [email protected] 1 points 1 day ago

Him first, so that we can piss on his grave.

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