Enough Musk Spam

cross-posted from: https://lemmy.bestiver.se/post/350449

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Not just Musk, but many of the Billionaires on the list.

In a world where the average person would need to work over 4 million years to earn what some billionaires have, let's put their wealth into perspective. Choose a billionaire and spend their fortune on everything from basic necessities to luxurious extravagances.

Note: This is a thought experiment for perspective. Most billionaires don't have their net worth in liquid cash, often utilizing strategies like "Buy, Borrow, Die" for liquidity while their wealth remains in assets and investments.

Did a short read but started feeling sick to my stomach. https://www.nytimes.com/2024/10/29/business/elon-musk-children-compound.html

KEY POINTS

• Tesla missed on the top and bottom lines in its first-quarter earnings report.
• Automotive revenue plunged 20% from a year earlier.
• The stock, down 41% so far this year, was little changed in extended trading.

She was fired for having concerns about tesla execs ignoring safety issues and defects and threatened. Luckily She had previously recorded a meeting discussing of hundreds of safety issues that were ignored. She won the case and then won when tesla appealed.

She also says elon only worked at tesla every other Wednesday and its all BS that he was there sleeping on the factory floor etc.

cross-posted from: https://lemm.ee/post/61739309

https://archive.is/2025.04.17-110624/https://www.wsj.com/politics/elon-musk-children-mothers-ashley-st-clair-grimes-dc7ba05c?st=Yz6MKu&reflink=desktopwebshare_permalink

Seeing that Tesla got hit with the death cross might provide a little thrill in a Tim Walz laughing at Tesla’s declining stock price kinda way. But I have to be honest, as someone who is not fully immersed in the financial markets, the chart pattern reading kinda strikes me as astrology for guys in suits. Like, because the line displays a pendant shape, that means it’s primed to break out? What does that even mean? You might as well say it’s a good time to buy because Mercury is in retrograde.

Anyway, analysts apparently don’t think death crosses are as reliable of an indicator as they are sometimes described by chart readers. According to Reuters, about half the time that a death cross appears, it marks the worst point for the index rather than a harbinger of a steeper decline. Regardless, it’s probably fine to taunt Tesla-maxxers with this news if you want an easy laugh.