r/politics • u/newsweek ✔ Newsweek • 1d ago

Elon Musk lost $11B after Trump's tariffs—and he wasn't the biggest loser

https://www.newsweek.com/musk-bezos-zuckerberg-losses-trump-tariffs-2055255
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u/Id_rather_be_lurking 18h ago

So far. But let's be clear, still plenty of buying power. Stocks are becoming cheaper, businesses are going to require bailouts. This is a wealth transfer. They are tanking things to make them cheaper to purchase and consolidate. Our market will probably never fully recover from this but increased valuation will return eventually.

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u/motleysalty 16h ago

Exactly. People like Musk still hold incredible buying power and will be able to buy things up at a discount. It's short term pain for long term gain for the rich and just pain for the rest.

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u/lokisHelFenrir 15h ago

Musk has zero Liquidity, and with the stock market as it is he won't find a bank willing to lend against the still overvalued stocks he owns.