Musk has lost almost a third of his Net Worth

[edhopper]

Last edited Sat Mar 29, 2025, 10:21 AM - Edit history (3)

Down $150 billion in some reports. And nothing has changed in his life. Still a giant destructive asshole.

But a wealth tax of 1% would destroy the economy and cause the rich to fle the country.
God forbid their riches went to help others.

This isn't about Musk,but the Rich in this country who are sucking us dry and not giving back.

[Irish_Dem]

1. Don't worry he has access to $5 trillion a year now.

From the US taxpayer.

[LymphocyteLover]

26. DOGE is the world's biggest heist

[BonnieJW]

34. How do we know

Whether the dogebags transferred funds from the agencies they were destroying? A million here, a million there and we're talking serious money. I'm sure felon47 got his cut too. Maga Mike got some as well.

[Irish_Dem]

42. He can also do backdoor monthly payments for life.

For all his family and friends.

[LymphocyteLover]

75. that's what worries me endlessly-- especially since we have no justice system now

My only hope is that even GOP congresspukes would care about it, and if nothing else, want to get in on the action too, which would cause more obvious problems.

[Irish_Dem]

41. DOGE is the biggest heist in the history of the world.

Last edited Sat Mar 29, 2025, 04:50 PM - Edit history (1)

The theft of the richest nation in the history of the world.
All done by the country's president. The man who swore to protect and defend the US.

[Evolve Dammit]

52. He didn't touch the Bible this time. True. And had his fingers crossed behind his back. OK, I made that one up.

[Marie Marie]

66. Not to mention the theft of all that data on all of us....

so very helpful in the development of his AI, which will further screw us over. What is the dollar value of all of our data - data that he alone now has. Don't pretend to understand how this shit works but I am guessing it gives him a huge advantage over the other AI developers.

[Irish_Dem]

74. All the data in the entire US government is priceless.

On so many levels.

[Magoo48]

31. Yup. And that 5 trillion represents powerful leverage.

which could be used by blue states and individuals who were courageous, creative, and numerous enough.

[artemisia1]

2. A grown adult (physically), with the mentality of a teenage sociopath and drug abuser should never have had that

much wealth or power.

[cbabe]

20. The dark twin to Tom Hanks in 'Big'.

[Norbert]

3. I would feel bad for him, but I remembered this.

'The fundamental weakness of Western civilization is empathy.'

[no_hypocrisy]

4. "It occurs to me that the best way you hurt rich people is by turning them into poor people."

https://www.youtube.com/shorts/4SVN_Em6cEk

[littlemissmartypants]

17. ...

[Submariner]

5. His DOGE Team have installed numerous back doors

into the U.S. Government main frame computers.

Years from now when I'm dead, I'm probably going to miss colossal stories of billions missing from the U.S. Treasury, and no one knows where it went. In parallel stories, new billionaires, with earlier ties to DOGE/Musk will be found buying up exclusive properties around the planet with your stolen tax dollars.

[NEOBuckeye]

15. Those computers and the entire network MUST be wiped and/or replaced

Who knows how much it will cost? But it’s a security issue that must be addressed. Force Musk to pay for it since his sorry ass is the one that caused all of the damage.

[slightlv]

60. I vote for replaced.

It'll be costly as hell... but who knows what backdoors and traps he's laid in the routers, themselves... or the BIOS chips. Do I trust him not to do that? Hell no! About as much as I trusted Innova after reading about what the chinese were adding into the hidden boot sectors... many, many, many years ago.

[underpants]

77. I'll say it again, this feels like it ends up in a darkened lair

Inside a volcano on an uncharted island

[Midnight Writer]

6. He still has $300 billion. Enough to buy the Trump Administration and the entire Republican Party many times over.

[Walleye]

12. He should pay 30% tax on it, that would help balance the budget

[AZ8theist]

51. Fuck that. He should pay 90% on that.....

...return to the "good old days" of the Eisenhower Admin.

That's what the knuckle draggers have been pining for anyway, right? Leave it to Beaver fantasy world??

[stopdiggin]

28. make that something north of 355 ...

as if it hardly made any difference ...
(with the possible exception of to a gargantuan narcissistic ego)

[JohnnyRingo]

7. Which means he can only get by for another 900 years.

Warren Buffet is giving his money away because in the end he says he only needs enough to give his heirs a couple million.
He says if they can't make their own way in life from that, it's their fault.

[NNadir]

8. I would like to see him arrested in a deNazification program when the world kicks the doors in.

Unfortunately, the Krupps didn't face the consequences they should have faced in the 1940's for similar behavior in a previous deNazification program enforced by the allies.

[Crowman2009]

9. Good! Let's send him to the poor house.

[Littlered]

30. I wonder how many people realize that

Tesla employs roughly 130,000 Americans. Space x employs roughly 13,000. I’m not so sure that rooting for hundreds of thousands of our fellow Americans to lose their livelihood is the right thing to wish for. 🤷

[edhopper]

35. I am more concerned about

The thousands of Federal employees he is firing and the tax dollars that he is stealing.
Unfortunately companies go bust all the time.
Ending this Nazi bastard is worth it.

[Littlered]

37. Maybe I missed something.

I have to admit I am not up on this. I’ve been so busy with my business, and other work, that I’m kinda behind. What tax dollars is Musk stealing? Can you link up some examples?

If I am understanding you correctly. You hate someone (that you don’t know) so deeply, that you couldn’t care less if 150,000 people lose their jobs? And that isn’t even counting the tens, if not hundreds of thousands of support jobs.

Personally, I don’t celebrate anyone losing their job. I might wish Ill upon people from time to time. But I’ve never hoped the fallout affects innocent people. Sometimes my anger gets the best of me and I wish Ill upon my competitors. So I get it. But when I factor in the human toll, my emotions become tempered.

[JI7]

48. It's Musk that is celebrating people losing jobs

And he easily fires Americans in order to hire H1bs and he wants even more h1bs.

Don't try to paint that vile scum as a victim.

[Chemical Bill]

53. I found a video...

Last edited Sat Mar 29, 2025, 07:02 PM - Edit history (1)

Someone posted it here! Here is Melanie Stansbury explaining Musk's business objectives, oops, I mean stealing

https://www.democraticunderground.com/100220188834

Edit to post DU video instead of FB.

[edhopper]

56. Yes

Many post here about Musk and his DOGE goons now have unhampered access to all levels of Government, including tax dollars.

He is dismantling the US Government, so that is my concern.
I actually think Tesla stock is overpriced by a factor of 10, so I would like to see his fortune collapse.
Tesla can still make cars, and people will still work there., but it would be in line with other auto makers.
And yes I hate Musk. As I do Trump and most of the GOP.

[NNadir]

49. I agree.

[Crowman2009]

38. I meant just him, especially once Tesla and SpaceX kick him to the curb.

[usonian]

69. How many government employees has Musk laid off?

His employees are very skilled and will find jobs quickly.

There's even an AI Musk chatbot that evaluates you for hire. I passed with flying colors.

https://www.democraticunderground.com/110322469

Could you pass?

In aerospace, when layoffs were imminent, the smartest beat the June rush and left on their own for better positions and companies.

[Littlered]

76. If you say so.

It’s kind of eye opening (and depressing) to see that some on both sides are okay with people losing their jobs, as long as they don’t like them.

Would I pass? Lol. I’m self employed, and very successful at what I do. I’d better be more productive than most of the population. Otherwise, I will fail.

[twodogsbarking]

10. Musk most likely has billions we know nothing about.

[Crowman2009]

39. Which I hope he loses it all in a crypto-scam.

[Rver]

11. Doesn't mean anything until

It's all gone. Just sayin...

[patphil]

13. The Rich are the true parasites.

[edhopper]

14. Some one finally gets

What the threat is about.

[Prairie Gates]

16. Vai!

[LilElf70]

18. Isn't this a shame he lost so much?

Last edited Sat Mar 29, 2025, 03:22 PM - Edit history (1)

I could care less. These are the risks when running a business on your own. Self employed know this, when starting up.

I hope his POS EC industry craps big time. I mean who makes cars with "glue" for major parts? Who would have projected this many avoidable cars crashes due to auto pilot? How many have died?

[LessAspin]

19. China 🇨🇳

China 🇨🇳 to the rescue

(ProPublica) - Elon Musk’s aerospace giant SpaceX allows investors from China to buy stakes in the company as long as the funds are routed through the Cayman Islands or other offshore secrecy hubs, according to previously unreported court records.

@jeisinger.bsky.social

https://bsky.app/profile/carlquintanilla.bsky.social/post/3llbnogx4xc2y

https://www.propublica.org/article/elon-musk-spacex-allows-china-investment-cayman-islands-secrecy

[calimary]

73. Nothing lasts forever, Elon.

Not even you.

[KY_EnviroGuy]

21. His net worth to humanity is zero (or less).

We humans never seem to learn from our hard lessons of the past. We continue to put highly destructive, narcissistic people in power, than wonder why we're increasingly marginalized and poor.

But, but look, it's a shiny new gadget on sale on Amazon!!!........ ......

I want my TRUE public servant Joe Biden back.

[moondust]

22. So sad.

He worked so darn hard for it only to see it disappear.

It would be so very sad if he ended up going hungry because all the aid programs that fed the poor had been shut down.

[IronLionZion]

23. Let's help him lose more of it

[KPN]

24. "the Rich in this country who are sucking us dry and not giving back."

THIS!

We need a lot more leaders like Bernie and the relatively few others railing on THIS … right now and consistently.

[twodogsbarking]

25. Morally, he has no net worth. He is bankrupt.

[stopdiggin]

27. for perspective - Musk's wealth can see-saw up and down - losing nearly 100 billion

(by some estimates) in a short two months - (while also gaining 87 billion in just December of last year)
And still, today, remain far and away the richest person on earth - by a margin of almost another 100 billion.

- Fortune, Feb. 11, 2025 - - After reaching a net worth of more than $486 billion in December, Elon Musk’s wealth has sunk below $400 billion for the first time in 2025. Tesla—where Musk derives about 60% of his wealth—has had an abysmal year. Waning demand and Musk’s continued controversial foray into politics have helped drive the stock down 27%.

Elon Musk has lost nearly $90 billion of his wealth in less than two months, pushing his net worth below $400 billion for the first time this year, according to the Bloomberg Billionaires Index, as Tesla weathers a double-digit stock slump.

Musk’s wealth reached historic heights in December when he became the first person to boast a net worth of $400 billion. That astronomical figure continued to climb until Dec. 17, when Musk’s wealth peaked at $486.4 billion, thanks to SpaceX’s $350 billion valuation and investors’ big bet on Musk’s expansive role in President Donald Trump’s inner circle.

Just two months later, Musk’s net worth has been humbled by Tesla’s share price, which has cratered 27% in less than two months. Tesla saw its first year-over-year sales loss in more than a dozen years, selling 20,000 fewer vehicles in 2024 than the year before, as it competes with China’s more affordable BYD

https://fortune.com/2025/02/11/elon-musk-net-worth-400-billion-tesla-stock/
https://www.forbes.com/sites/dereksaul/2025/03/06/elon-musk-is-officially-121-billion-poorer-than-his-peak-as-tesla-stock-erases-most-all-of-its-election-rally/

[LetMyPeopleVote]

29. Musk is mad at Governor Walz for joking about Tesla stock price

Here is musk complaining about Governor Walz

Link to tweet

Here is Governor Walz

Link to tweet

[AntiFascist]

58. The company needs to be brought to its knees...

this is about the only leverage we have over Musk at the present time. Kudos to Tim Walz.

[Jarqui]

32. two thirds too little ... nt

[Nasruddin]

33. Straw into Gold

That guy has an amazing talent - it's not engineering. It's the ability to transmute expensive rubbish into something valuable.
As someone else said he now has partial control of a complete national economy for this price.
He also, still, has a lot of maneuvering room.

[RazorbackExpat]

36. 1/3 down, 2/3 to go

[GreenWave]

40. A reverse Moe Howard is in order. "If you're so rich, how come you're not smart?"

[Blue Full Moon]

43. He's willing to go bankrupt.

He's willing to bankrupt the USA to go to Mars

[LogDog75]

44. The reason there is drought conditions throughout the country is

because no one is crying a river of tears over his losing one-third of his net worth.

[Yo_Mama_Been_Loggin]

45. Good

I hope he loses the other 2/3.

[Chi67]

47. Yep!

And all anyone has to do is not buy a Tesla and stay off Xitter.

[dlk]

46. He'll never miss it

Musk's lifestyle won't change in the least.

[soldierant]

50. I know, follow the money - BUT

I think it would have cost Elon less money to just let Kamala be elected - and the democratic judge to the Wisconsin Supreme Court. It wouls appear it's not just about money to him. It's about power, and it's anout cruelty.

[cadoman]

61. apparently Musk is too dumb to realize this

Oh well, sucks to be a fascist.

[swong19104]

54. This is so apt

People complain that taxes is money thrown into a black hole. But in reality, every cent received as tax is used (and then some, as we run a deficit), that money used goes back into the economy and is circulated.

What is a black hole is the net wealth of the super rich. When they're holding billions and billions of dollars, they're not spending it, so it is like a black hole for money: money goes in, it doesn't go out.

[edhopper]

57. So fucking true

[Joinfortmill]

55. FAFO

[cstanleytech]

59. Tax the rich via the stock dividends.

Then fleeing won't matter as they will be paying one way or the other.

[onenote]

62. Stock dividends are taxable income

And a lot of companies, including Tesla, don’t pay dividends.

[CaptainTruth]

63. It's a good start. We have more work to do!

[dchill]

64. That's not nearly enough.

[Aussie105]

65. "Musk has lost almost a third of his Net Worth"

Matches the number of brain cells he has lost since his 'new boy genius on the scene' early days, surely?

But the typically American focus on wealth annoys me - Musk couldn't sell any of his assets for what they are reported to be worth, now could he?
Could he sell the whole of Tesla? Who to?

I could hold a hand-full of diamonds, and declare them to be worth millions, but if I couldn't find a buyer, their value is what, exactly?

[Blue Owl]

67. KEEP IT UP

At this rate he might find himself broke in a few years

[proud patriot]

68. Evil Money Hoarders

[2naSalit]

70. Aww...

[Raine]

71. He'll never miss it. nt

[misanthrope]

72. I saw "Musk has lost almost a third" and smiled

Then my hopes dropped when I discovered it wasn't about his sanguination.

[Bengus81]

78. His shares in Tesla were worth $200.68B on 12/18/24 when it hit $488.54. Not sure where all the

Last edited Sun Mar 30, 2025, 10:42 AM - Edit history (2)

talk about him being worth $400B is from. Space X isn't a public Company so he probably loots the shit out of it with no BOD to keep him in check but not an additional $200B.

As of Friday his shares have lost $93.87 billion since 12/18/24. He's lost all most half of the stock value he once had in Tesla. It's so bad most of the people on the BOD including his brother have sold stock.

The stock went up after the WH dog and pony show when the Musk dip shit fan boys started buying it again as high as $291+ per share. Now over the last few days it's tanked to $260 and they're getting BURNT--again.

[doc03]

79. Good I hope he loses the rest nt

[New Breed Leader]

80. that's why he's raiding social security

nm

[Ping Tung]

81. Maybe Don & Melania can put him up in the Top Secret residing room.

RFKJr could donate snacks from his road kill collection.

[LetMyPeopleVote]

82. Tim Walz has offered Elon a deal-he will stop joking about Tesla stock price if elon keeps his hands off Social Security

https://bsky.app/profile/timwalzparody.bsky.social/post/3lln4tefj322p

Link to tweet

Tim Walz -“Elon, I’ll make you a deal. I’ll stop making fun of your stock when you take your hands off social security.”