03-04-2025, 01:59 PM
There has been a lot of smug clamour over Elon's net worth supposedly tanking, however the truth is that there was just a partial correction to the crazy spike he experienced post-election, followed by a "back to normal service" steady increase.
On November 5th, his net worth was US$251B, it peaked at US$480B in mid-December after which it dropped for a bit, and it is now at $US387B and climbing (increased by US$6B yesterday and another US$8B today, according to Forbes).
Despite what the Democrats, and their supporters, would desperately love to be true, I don't think Elon/Tesla share price is actually suffering as a result of his political involvement. Instead, the market just got a bit too carried away in the post election hype, that hype has now been corrected, and we're back to a steady increase.
On November 5th, his net worth was US$251B, it peaked at US$480B in mid-December after which it dropped for a bit, and it is now at $US387B and climbing (increased by US$6B yesterday and another US$8B today, according to Forbes).
Despite what the Democrats, and their supporters, would desperately love to be true, I don't think Elon/Tesla share price is actually suffering as a result of his political involvement. Instead, the market just got a bit too carried away in the post election hype, that hype has now been corrected, and we're back to a steady increase.