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He's only playing with 22% of his next worth, it's not like this is a "serious problem" for him if the thing drops to 0 value.
by CGamesPlay 4y ago
He's only playing with 22% of his next worth, it's not like this is a "serious problem" for him if the thing drops to 0 value.
- wilsonnb3 4y agoEspecially when you consider that he only needs like .01% of his net worth to still be disgustingly rich and never have to work again.
- actionablefiber 4y agoI wouldn't discard the possibility that Twitter affects his other assets, though. It seems like he's using his other companies' talent and money to try to prop up Twitter (like borrowing engineers from Tesla and committing SpaceX to Twitter ad-spend) and Musk himself is distracted from running his other companies. On top of that, a lot of Tesla's stock price hinges on speculative value instead of current cash flows. If public perception starts to believe that Musk is damaging his brands and mismanaging his companies by spreading himself too thin and commingling profitable businesses with unprofitable ones, his other holdings will become less valuable. I mean, he'll always have food on the table at the end of the day, but there's a good chance he won't have the kind of wealth and influence in the future that you'd need to make a big-balls move like buying a large tech company.