It's been an eventful week in Musk world (and it's only Wednesday morning)

And it's not like things weren't eventful before. Tesla stock hit an all time high a little over a year ago (>$400). Since then it's been a rough ride. Unless, of course, you just happened to sell at the peak.

BREAKING: $TSLA insiders bought stock (🟢 in chart) at least 10 times in the last 5 years! Awesome confidence in the company.

Anyone know what the 🔴 means? pic.twitter.com/FFwzm9GUw0

— TR and 94 others (@Tweet_Removed) December 23, 2022

When you were able to dump $40B of Tesla stock on naive retail investors before Tesla shares tanked: pic.twitter.com/n4YloqFMZu

— High Yield Harry (@HighyieldHarry) December 27, 2022

Last week was particularly bad and there was reason to expect things to be worse when the markets opened after the long holiday weekend.

If Tesla didn’t have serious demand problems, shutting this plant down would be unthinkable. The timing for this is like Santa leaving every Tesla shareholder a musty lump of coal.

https://t.co/J3RxnKmw9T

— Linette Lopez (@lopezlinette) December 25, 2022

If you read my column, you would know that @elonmusk’s massive Tesla China bet was going to turn against him months ago. Just saying. https://t.co/sGod4v2Sa9

— Linette Lopez (@lopezlinette) December 27, 2022

Meanwhile, new management has suspended journalists for reporting doubts about Tesla's growth prospects. https://t.co/TsHQZ6Q2LP

— David Frum (@davidfrum) December 26, 2022

Tesla used car price bubble pops, weighs on new car demand https://t.co/Nowcjhnw1h

— Radhika Anilkumar (@radhika_anilk) December 28, 2022

 You didn't have to be a business genius to see this was a dangerous time. Anyone this side of moron could see the importance of not saying anything stupid.

Good morning.

While the markets have been closed, two major stories about Tesla have broken.

A. Tesla is shutting down factories because demand is plummeting.
B. Musk praised a truly insane Russian propaganda tweet, predicting the fall of the west

How low will this go today? pic.twitter.com/xPJGgc1ReR

— Brianna Wu (@BriannaWu) December 27, 2022

Prediction: this tweet will cost $TSLA investors several billion dollars. https://t.co/IcQ8TwWSwy

— Nick Mark MD (@nickmmark) December 26, 2022

TFW someone reminds you that the markets reopen tomorrow. pic.twitter.com/4ZngsJg99m

— Mike Gee (@mestizoqueso) December 27, 2022

Medvedev's prediction of Western collapse and American civil war may have been partially tongue-in-cheek (it's so difficult to tell these days) and Musk's response might possibly have been in the same spirit, but if you're the CEO of a teetering company and you make an easily misinterpreted joke, it is best to:

1. follow up with an unambiguous "just kidding";

2. not wait four hours to do it.

Whatever the reason, yesterday was a really bad day.

Tesla's Market Cap 10/27/22*: $710.78B
*(the day he took over Twitter)

Tesla's Market Cap 12/27/22: $341.86B

He's managed to wipe out $369 BILLION in exactly 2 months...52%.

— Charles Gaba (Had a blue check pre-11/07/22) (@charles_gaba) December 27, 2022

This is a historic implosion of wealth. Even corrected for inflation, no one (not even the Match King) has ever lost this much this quickly. There is, however, some good news. In after hours trading, the stock was at 106.69, and there's nothing Elon Musk likes better than a '69' reference.