20 upvotes, 2 direct replies (showing 2)
How low does tesla’s stock have to drop before he loses the ‘richest person’ spot?
Comment by mh1191 at 12/03/2025 at 07:51 UTC
17 upvotes, 0 direct replies
Not much further.
Of course Donny is doing his best to lower the net worth of everyone by crashing markets, so it's a little harder than just losing X% on Tesla.
Comment by ZipoBibrok5e8 at 12/03/2025 at 10:38 UTC
10 upvotes, 1 direct replies
How low does tesla’s stock have to drop before he loses the ‘richest person’ spot?
A quick back-of-the-envelope calculation (based on unconfirmed numbers):
Assuming that Musk is worth about $320B and owns $94B of TSLA then he'd need to lose around $70B to be within shouting distance of Mark Zuckerberg at around $250B. So TSLA would need to drop by about 75% to $57.50 to make him the world's second richest person. And that price is STILL much higher than the widely-accepted "fair" price of $14-$20 that TSLA would be expected to have if it were valued like any other car manufacturer.
TLDR: It's well within the bounds of possibility that Musk could shortly be number two based on Tesla's fall alone.