this post was submitted on 20 Mar 2025
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The funny thing is, he doesn't even feel it that much. His ownership of Tesla is peanuts compared to SpaceX, where the contracts with the government are. Just some food for taught 🤔
? ~60% of his wealth is estimated to be in Tesla shares
His net worth is definitely affected by Tesla shares declining
No, it actually ~13% while on SpaceX being the owner he has a share of ~42%
It's not what they were talking about though. They said tesla shares were 60% of his wealth, not that he owned 60% of tesla.
I can't find the actual number but it looks like tesla shares were 75% of his wealth in 2020, and fell to 37% in 2022 when he sold some.
So it's definitely hurting him