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Elon Musk takes over Twitter

Discussion in 'Sports and News' started by Alma, Apr 25, 2022.

Page 24 of 275
  1. TigerVols

    TigerVols Well-Known Member

    Is there any conceivable way having a net worth of $40 billion is materially different than having a net worth of $80 billion?
    Especially if you’re net worth was in the $1 billion range just a couple of years ago?
    People are acting like Musk is going to have to start eating at McDonald’s or something.
     
    TigerVols, May 19, 2022
    #277
  2. Hermes

    Hermes Well-Known Member

    Doesn’t it depend how much of that worth is leveraged? I’m not saying he’s ever going to be anything less than generationally wealthy, but there is a world where Tesla buckles and he loses most of it.
     
    Hermes, May 19, 2022
    #278
  3. The Big Ragu

    The Big Ragu Moderator Staff Member

    What do you mean by how much of his worth is leveraged? Leveraged to what?

    Tesla is a real company, with a real product and real sales. He still owns about 15 percent of the company. That doesn't mention his ownership of SpaceX and the 9.2 percent of Twitter he owns. The only way he loses most of his worth, is if the value of the things he owns, which are the source of his wealth, lose most of their value.

    I'd argue he owns things at some very inflated valuations, and he may take a huge hit if the the valuations on those things come down to reality reentering the world. But I suspect he'll be OK.*


    * Subject to change if he goes on a cocaine and hookers binge.
     
    The Big Ragu, May 19, 2022
    #279
  4. Michael_ Gee

    Michael_ Gee Well-Known Member

    IMO Musk's effort to buy Twitter was his equivalent of a hookers and cocaine binge. Even MORE expensive self-indulgence.
     
    Michael_ Gee, May 19, 2022
    #280
    wicked likes this.
  5. Sea Bass

    Sea Bass Well-Known Member

    If by leveraged you mean in debt, the net worth figure would have accounted for that.
     
    Last edited: May 20, 2022
    Sea Bass, May 19, 2022
    #281
    justgladtobehere likes this.
  6. Neutral Corner

    Neutral Corner Well-Known Member

    Guys like Musk may "lose it all", but they're never going to miss a meal.
     
    Neutral Corner, May 19, 2022
    #282
  7. The Big Ragu

    The Big Ragu Moderator Staff Member

    [​IMG]
     
    The Big Ragu, May 19, 2022
    #283
    maumann likes this.
  8. heyabbott

    heyabbott Well-Known Member

    TESLA stock price reflects 190 times earnings. Facebook is over priced and it’s at 16 times earnings.
     
    heyabbott, May 19, 2022
    #284
  9. Azrael

    Azrael Well-Known Member

    Azrael, May 19, 2022
    #285
  10. garrow

    garrow Well-Known Member

     
    garrow, May 19, 2022
    #286
    HanSenSE likes this.
  11. Neutral Corner

    Neutral Corner Well-Known Member

     
    Neutral Corner, May 19, 2022
    #287
    OscarMadison likes this.
  12. garrow

    garrow Well-Known Member

     
    garrow, May 19, 2022
    #288
    OscarMadison, Hermes, sgreenwell and 1 other person like this.
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