Celebrity Investment Krimes
Elon Musk’s Net Worth Falls $770 Million After Botched Tesla Cybertruck Debut
Tesla lovers tuned in to see the live debut of Tesla’s new cyber tuck. After debut of the new futuristic electric Cybertruck, Tesla’s stock prices tumbled—wiping three quarters of a billion dollars off founder and CEO Elon Musk’s fortune.
“You want a truck that’s really tough, not fake tough,” Musk said of the Blade Runner-esque, angular car. “You want a truck you can take a sledgehammer to, a truck that won’t scratch, doesn’t dent.”
Proving how beyond Ford tough the truck is Musk directed a Tesla designer to take a sledgehammer to the Cybertruck’s door. No damage. But when he had the designer throw a metal ball at its “armor-glass” windows, things went off the rails. “Oh my f***ing God,” said a surprised Musk, as the window shattered.
A second ball, thrown with less force, cracked the second window as well. “For a weird little reason, it broke now and I don’t know why,” Musk told the crowd at the unveiling in Hawthorne, California. “We’ll fix it in post.”
The demonstration went so left with it’s radical design that Tesla’s share price dropped by 6% since, pushing Musk’s net worth down by $768 million in a single day, to $23.6 billion.
Don’t feel too bad for musk. The 48-year-old founder is still the 41st-richest person in the world.
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