Summary
Elon Musk’s net worth has dropped by $110.8 billion since its peak in December 2024, largely due to Tesla’s stock decline following Donald Trump’s new tariffs on Canada, Mexico, and China.
However, his close ties to Trump and influence over government contracts, including Starlink deals, may help him recover.
This is such an unbelievably bad take.
First, Musk has always been a tool, a nepo baby, and an asshole. Just because American liberals only recently noticed this doesn’t mean he used to be great.
Second, this isn’t the case of Starlink being State owned and controlled, it’s the case of the State being Starlink owned and controlled. That’s what was happening in Ukraine and what will continue to happen. If you think for a second that Musk is beholden to anything or anybody I’ve got a rusty polygon ridden death trap to sell you.