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Billionaire Losses since Trump
(lemm.ee)
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this post was submitted on 13 Mar 2025
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Data is ugly: this does not contextualize gains made in the tail end of the election and upto the inauguration. This miscommunicates the harm done to them. The economical harm must grow.
Basically there was a completely un justified bubble in the past few months, driving it up to double what it was worth for years.
Tesla was always an unjustified bubble. Even after these losses it has a market cap of ~800B compared to Toyota at 295B. Despite Toyota selling 10.8 million vehicles to Teslas 1.8 million last year. Assuming similar profit per vehicle tesla should be worth ~50B, assuming 3 times the profit, tesla should still max out at ~150B. There's a long way to drop yet.
tesla has been in a bubble for years. Granted, if an investor bought shares 10+ years ago, probably still make a tidy profit if they sell today. However those who bought in the past few months will probably pray for greater fools to rush in atm.
Also although this is nice to see. It’s alongside average American person having serious financial compression. Everyone above still has billions of dollars. They don’t care. The average American is deciding between food, rent, heat or meds right now. As I see a lot of “FAFO” I see this getting a lot worse through the summer where energy prices will surge.