California wildfires: Elon Musk’s SpaceX makes big announcement for fired affected areas in Los Angeles.

California, LA $20B wildfires turn out become “Most Expensive fire in the History” 31,000 affected, 5 dead, 180,000 evacuated.

Private forecaster AccuWeather estimated the damage and economic loss at $135 billion to $150 billion, portending an arduous recovery and soaring homeowners' insurance costs.

Now, in response to the devastating wildfires ravaging Los Angeles, SpaceX CEO Elon Musk has said that his company will provide free Starlink terminals to affected areas. This will highlight the importance of SpaceX in post-natural disaster transition plans.

As report, the wildfires area was some of the rich property in LA, many celebrities home was affected. It turn out might affect the Stock of $Tesla (TSLA.US)$ and $Destiny Tech100 (DXYZ.US)$

California is the top state for $Tesla (TSLA.US)$ sales in the United States. Tesla's large network of superchargers in California is considered a key factor in its success in the state. California leads in $ sales across the United States, largely due to the extensive network of Superchargers in the state, which significantly contributes to its success. High sales volumes also indicate strong brand recognition among Californians. However, considering the affluent areas affected by wildfires, one might ponder: What would you do if you lost a substantial amount in a day? Would you decide to cash out your market investments? Would insurance companies consider liquidating their Tesla stock to cover losses?

As a $Tesla (TSLA.US)$ investor, we must consider our options carefully. It's advisable to maintain at least 20% of our portfolio in cash to mitigate risk and potentially leverage down our stock exposure in case of market downturns.

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