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> “Musk’s net worth dropped from a peak of $320bn in 2021 to $138bn as of January 2023, largely due to the poor performance of Tesla’s stock,” This is not at a
by karmakaze 4y ago
> “Musk’s net worth dropped from a peak of $320bn in 2021 to $138bn as of January 2023, largely due to the poor performance of Tesla’s stock,”
This is not at all interesting as it's unclear if the stock was overvalued to begin with, and this is all just "on paper" and not the bills kind. Musk even said in an interview that stock valuations is arbitrary public sentiment that doesn't have a direct connection to reality. One real effect is having capital to operate which it can have an impact upon.