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When the Tesla stock price finally corrects we will see Elon crumble. Right now it’s being shorted by too many massive hedge funds, which causes other hedge funds to bet against them.
This unfortunately lead to the price being massively inflated with Elon taking all the credit.
You're operating under the assumption that market forces can dislodge someone as wealthy and systemically entrenched as Elon.
Personally, I don't share that belief. I hope that I'm wrong.
He is not entrenched as people believe. He isn’t old money, here. He isn’t oil money. He is temporary inflated stock rich and that bubble will pop.
He's not entrenched, lol. He's a first generation nouveau riche. Basically a peasant with some bells and whistles.
His dad had shares in an emerald mine according to himself in an interview with Forbes in 2014. He also went to expensive ivy league colleges.
He isn't nouveau rich, even though he wants to convince the internet that he is.
Ok, second generation nouveau rich. Old money are people who were aristocrats 1,000+ years ago. Elon had to work and still works like every other worker. Old money don't know what work is for centuries. The gap between the poor and Musk is about the same as between Musk and some old duke family from England.
I think he is too rich to ever crumble, unfortunately.
When Tesla stock crumbles, he won’t be rich. He will still be worth many millions, but that falls within the people worth prosecuting.
Worst of all, he would have committed the gravest sin possible in America: messing with truly rich people’s money.
When that day happens, the round is on me.