Elon Musk loses $20B since SNL, as Michael Saylor comes out firing

[Dociko]

Tesla stock has dipped 14% since Elon Musk appeared on SNL, with Musk estimated to have lost $20 billion in that time frame. Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night Live, as the news of Tesla halting Bitcoin payments for cars continues to send shockwaves across markets.

On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since, the stock has declined 14% to sit around $573. According to Forbes estimates, this sudden drop has seen Musk’s $166-billion net worth plunge by $20 billion down to around $145.5 billion. Source: Cointelegraph

[TomPluz]

Well, can we then say that his stint in SNL is not doing good for Tesla, overall. I watched the whole thing on YouTube and I don't find anything fantastic with him in that show, nothing funny at all, nothing substantive at the same time. He became just another joke...and if the intent is to make him as such then it was successful in that way, but the market is not anymore reacting wildly. Maybe we have too much of him, anyway.

[Richard_1]

In a situation where Elon Musk was a supporter of Bitcoin and suddenly sharply changed his preferences, giving them to another cryptocurrency, then I do not see anything surprising in the fall of Tesla shares. Elon Musk himself is to blame for his inconsistency.

[Freemind]

In a situation where Elon Musk was a supporter of Bitcoin and suddenly sharply changed his preferences, giving them to another cryptocurrency, then I do not see anything surprising in the fall of Tesla shares. Elon Musk himself is to blame for his inconsistency.

If Tesla and Elon Musk had been consistent with their decisions and hadn't behaved like it was all a game, they might not have lost all that money. I am glad that their blatant manipulation has gone wrong and that they lose a part of their money, which is the only thing that matters to them. Now they can keep playing with Doge up and down.