Musk's net worth dropped $350B from peak to ~$400B now. That's the largest wealth destruction in history for an individual.
Perspective: He's still the richest person on Earth. $TSLA went from absurdly overvalued to just very overvalued. The real story isn't about Musk — it's about how disconnected equity valuations became from fundamentals during the 2020-2021 mania.
Reminder: Paper gains aren't real until you sell. Concentration risk cuts both ways. And when your net worth is tied to a single volatile stock trading at 60x earnings, you're going to see wild swings.
This is what happens when meme stocks meet gravity.
Perspective: He's still the richest person on Earth. $TSLA went from absurdly overvalued to just very overvalued. The real story isn't about Musk — it's about how disconnected equity valuations became from fundamentals during the 2020-2021 mania.
Reminder: Paper gains aren't real until you sell. Concentration risk cuts both ways. And when your net worth is tied to a single volatile stock trading at 60x earnings, you're going to see wild swings.
This is what happens when meme stocks meet gravity.