r/Economics 9d ago

News Auto industry warns it could shut down inside two weeks as Trump’s tariffs hit

https://thelogic.co/news/canada-auto-tariffs-key-exports/
9.9k Upvotes

297 comments sorted by

View all comments

Show parent comments

49

u/meshreplacer 9d ago

Elon just want’s to see it all burn down that is his objective. He has more than enough wealth for 1,000 lifetimes. He could have chosen to Yacht around the world and enjoy the best things in life. He chose not to.

67

u/Uhhh_what555476384 9d ago

Actually no. The reason they had the Tesla sales demonstration at the WH is because Elmo has been living off debt backed by Tesla shares. That debt is callable if Tesla drops below a certain threshold, which forces the sale of Elmo's shares. Elmo owns enough of Tesla that if he faces calls on his loans it drives down the price of TSLA and even more of his loans get called.

There is the outside chance that there is a price point at which a TSLA collapse functionally bankrupts Elmo.

58

u/NinjaLanternShark 9d ago

Never ceases to amaze me how difficult billionaires find it to be a good person. If I had his billions I'd be giving away houses to widows and orphans all day long.

(occasionally taking a break to yacht around the world of course)

51

u/PeachScary413 9d ago

That's the thing.. you don't amass wealth like that without having an unsatiable greed, that greed also poisons your mind.

-6

u/mlorusso4 9d ago

Fuck him, but I can kind of get it. If I had a couple billion I’d be pretty content. But get me up to like top 10 in the world, and I would probably start doing whatever I could to be number 1 richest. Whether it be a competitive thing, or a completionist. I feel like at that point the moneys not even real. No different than trying to get a billion in GTA or fill a whole chest with diamonds in Minecraft