this post was submitted on 17 Nov 2023
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He spent 2 dollars to lose 100 more like
He's sitting on a big enough pile not to miss it. I wonder how much of this is crazy and how much is political hedging.
I'd be surprised if he could liquidate more than 40bln today, look at Tesla stocks P/E, its a house of paper cards. Spacex is always reportedly on the edge of bankruptcy. Last evaluation I saw of twitter value from its lenders was around 17bln, subtract its debts, that's about 4bln.
He really has bet the house, it now a question of how long he can keep going on Tesla stock backed loans and if the stock price holds.
Forbes still has him at 241B. I wish he'd run out faster to get his ass out of the news.