Quote:
Originally Posted by Itse
It wouldn't surprise me if the US govt started buying Tesla stocks soon.
In any case, he is too rich to feel anything financially, but he has clearly been feeling the stock drop emotionally already.
More importantly, the fact that his public image is now toxic to stock value will absolutely make a difference for him and his businesses in the future. He has built his fortune in very large part by being the main marketing channel for all his businesses, and now that his image has turned into a negative one, it will absolutely affect his chances of collecting further investments in the future or becoming the head of new companies.
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All Tesla has to do is issue a meme coin, and then the US government can buy it for the strategic cryptocurrency reserve. Then they don't even need the messyness of the stock market and it's regulations.