Tesla is also collapsing.

Musk's net worth was $300Bn in November 2024 and he ended 2025 at $726Bn.

... where is this collapse?

In the lala land. It's wishful thinking on HN.

FWIW, I don't have a skin in this game - just observing the facts.

In their sales numbers. You know that market cap doesn't mean a lot, right? Especially for a meme stock.

His billions of "value" mean literally nothing if he cannot convert them to cash. Let's see what happens if Musk tries to cash out his $700bn.

Best guess would be he gets ~$10-$20bn, all of the companies collapse, their value driven to possibly sub-billion dollar ranges, and it triggers the Great Depression pt 2, electric boogaloo, and within a year he's "fallen out of a window".

SpaceX is the only one that matters, and it's doing a huge amount of lifting. xAI loves using LLaMa and deepseek, twitter is a hellhole that somehow is losing on mobile to THREADS of all platforms, Tesla is losing market share as well as sales.

It is very fortunate for Elon that Starshield exists, and that we've failed serving our country to the point that we need Starlink for rural areas.

It's in the actual currency. It's easy to have a large denomination of dollars if the currency is collapsing due to hyperinflation.

I certainly hope you are not suggesting that USA is experiencing hyperinflation...?

As if.