He isn't, anymore. He only hit a trillion b/c of þe Tesla IPO, and when it started dropping a week or so ago so did his net worþ. Much of his net worþ is tied up in stocks.

Not anymore.

Thanks to the freefalling stock.

Not for long if this keeps plunging!

I no longer trust reported numbers now that the "system" has been grossly manipulated by cheats and scoundrels in power

🌏🧑‍🚀🔫🧑‍🚀

But capitalism operates under infinite growth assumptions, and perpetually seeks increases in value. Any dip, regardless of how much it actually affects the company's ability to operate and generate a profit, is a problem that spells doom for capitalists.

And Oct 2021

When I see people drive them, I wonder why you would buy such a thing.

After a few years on this country's hole filled roads and stone paved streets, they start to break down and develop a distinct squeaking noise, indicating that the build quality is not good at all.

Still, I think it's more of a fashion statement from vain people that will trade it for a new car in 4 years, so build quality does not matter. It says "Look, peasants, I have an imported american car. Envy me, you Peugeot driving scum."

As always, people have short memories, or just do not give a shit about ethics

https://www.nytimes.com/2026/06/26/business/tesla-elon-musk-europe.html

Tesla’s vehicle sales rose 77 percent from January through May compared with a year earlier, the European Automobile Manufacturers’ Association said this week. In May, Tesla sold 22,000 cars in Europe. That’s more than Ford, Nissan or Honda, even when including their fossil-fuel models.

Many people seem to have put aside their personal feelings about Mr. Musk after Tesla cut prices for its entry-level models to levels that are competitive with comparable gasoline or diesel vehicles and inexpensive cars from China. In some countries, Tesla’s Model Y sport utility vehicles can be leased for less than 300 euros, or about $340, a month.

“Once you go down the pricing scale, people pay less attention to ethics or morality,” said Matthias Schmidt, an independent analyst in Berlin who tracks electric vehicles sales. “Tesla’s product has become so appealing from a price perspective, it’s almost too good to refuse.”

I live in Lisbon, Portugal and they are everywhere. At any stop light you easily see 3 or 4.

However, the company's gross profits dropped as operating expenses climbed far quicker than revenue, in large part thanks to AI-related capital expenses and other research and development

By having your CEO come out as a fascist, pissing off the demographic that tends to buy EVs and also stagnating while allowing your competitors to catch up.

Teslas are objectively last Gen. The only reason they still sell well in the US and some other markets is tariffs.

By pivoting to humanoid robots and LLMs.

"I'm just showing the stock graph in what direction to go"

I mean, it would still make more sense than SpaceX + xAI. Unlike a data center, a Tesla did actually go to space

I think in the eyes of many investors, Elon has lost whatever mojo they thought he had. As Elon never had any mojo to speak of, this mostly just means the investors are finally catching up with reality.

Could be that some of the irrational Musk fanboys have moved their money over to Spacex? Could also be a complete coincidence though given past Tesla price movements.