this post was submitted on 03 Apr 2025
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Anticonsumption

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[–] IEatDaGoat@lemm.ee 13 points 1 day ago (9 children)

But he's using his stock as collateral to get bank loans so this hurts him anyway.

[–] LovableSidekick@lemmy.world 3 points 1 day ago (8 children)

In principle that could happen, but realistically I doubt Musk is anywhere near enough in hock for market fluctuations to bother him. That would be more like a Trump thing.

[–] LustyArgonianMana@lemmy.world 4 points 1 day ago (6 children)

? This isn't a "fluctuation," this is his company blatantly crashing, which does affect him, especially while the stock market also crashes. He's losing multiple billions of dollars. He had to restructure Twitter and sell it to himself. He's also a giant idiot who hung out with Epstein.

But I do think he always planned to crash Tesla because he is crashing USD to swing into BRICS currency when it's unveiled

[–] Icarus@slrpnk.net -1 points 22 hours ago (1 children)

Nah, it’s not crashing. The core business is still there and will be there in the future - it answers a need. However it is a strong signal to the board of directors, which will translate if it continues to having to kick him out of any influence on the company. Basically he’s becoming a liability. Which is great. Carry on.

[–] LustyArgonianMana@lemmy.world 1 points 19 hours ago

Yeah, I haven't been wrong yet and I've predicted most of this months ago, but sure, suckle that copium

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