I think Musk is turning into the kind of guy who had a hot streak and it made him think he is god of all things.
So he got a lot of bros to bet alongside him on anything. And that is costing the fanboys a ton of money.
Doge in the toilet
Tesla down by 40%.
Twitter deal broken beyond repair, probably.
I'm sure there are others.
Plus, Musk's weakness here might embolden the SEC to actually do something about his illegal antics with stock manipulation and the like. He could get more than a slap.
I'm a massive fan of him as an engineer, big idea guy and manager. But betting alongside this guy, now? No way.