Unsuccessful rocket launch and Tesla disappointment: Musk’s fortune fell by $13 billion
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Against the background of disappointing news simultaneously from a number of companies owned by billionaire Elon Musk, his fortune fell by more than 12.6 billion dollars in a day.
It is reported Bloomberg.
Yes, Tesla Inc. disappointed investors with its first-quarter results, sending shares of the electric car maker down 9.75% on Thursday to $162.99.
Meanwhile, the experimental Starship rocket, developed by SpaceX, four minutes after launch exploded over the Gulf of Mexico.
On Twitter, as Musk promised a few weeks ago, many users lost their old blue verification checks for choosing not to pay $8 a month.
The fall in Tesla stock had the most immediate effect on Musk’s fortunes. They shed $12.6 billion in a day, the biggest drop this year, according to the Bloomberg Billionaires Index.
His stake in Tesla, including stock and options, makes up the bulk of his $163.9 billion fortune, though SpaceX has become more important as its valuation soars.
Musk is the chief executive officer of both companies, as well as Twitter, the social network he acquired last year.
He remains the world’s second-richest person behind French luxury tycoon Bernard Arnault, and his fortune has grown by $26.8 billion this year thanks to a 32% rise in Tesla shares.
Read also: Starship exploded, but it’s not the end: how Musk’s rocket could change the mastery of space
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