Is/n't Tesla literally/figuratively crashing?

[Tomiko]

Elmo became the first trillionaire.

[Outlaw]

This is so overblown. All the different companies are the equity. Does he have a trillion dollars in the bank? No?

[Sirious]

He will as soon as the bottom falls out and the entire economy collapses under this rugpull

[Bombur]

It's currently 3-4x oversubscribed. The IPO price is $135. It's currently trading at $180 on secondary markets.

[Mrbeansman]

This is so overblown. All the different companies are the equity. Does he have a trillion dollars in the bank? No?

Its so annoying when people are like "WHY IS HE SO SELFISH WHY WONT HE GIVE EVERY AMERICAN A MILLION DOLLARS".

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[Zealot]

This is so overblown. All the different companies are the equity. Does he have a trillion dollars in the bank? No?

This isn't how money works anymore when you get to that level.

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[archibaldcrane]

This isn't how money works anymore when you get to that level.

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It's not how money works on most levels lol

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[Rhyis.]

Every billionaires net worth is based on how much their companies are worth. Definitely some goofiness going on

[Byrthnoth]

If you have a trillion dollars of stock, you can borrow against it (avoiding selling it and creating a taxable liquidity event). As long as you equity gains value faster than the loan interest, you come out ahead financially.

[Zealot]

Exactly. Money stops being real. You can buy and sell and own whatever you want and never spend a dime.



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