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Elon Musk's net worth plunges $768m in a day after cybertruck fiasco | Elon Musk's net worth plunges $768m in a day after cybertruck fiasco |
(about 20 hours later) | |
Tesla’s chief designer smashed the vehicle’s windows in an attempt to demonstrate their toughness | Tesla’s chief designer smashed the vehicle’s windows in an attempt to demonstrate their toughness |
Does the act of someone’s net worth plummeting make an actual sound? | Does the act of someone’s net worth plummeting make an actual sound? |
If so, then for Elon Musk it would be the thonk of a metal ball splintering the purportedly unbreakable glass of his long-awaited cybertruck. | If so, then for Elon Musk it would be the thonk of a metal ball splintering the purportedly unbreakable glass of his long-awaited cybertruck. |
Thursday’s unveiling of Tesla’s latest electric vehicle hit a snag when the company’s chief designer smashed the vehicle’s windows while attempting to demonstrate their durability. Tesla’s share price subsequently plummeted 6%, bringing Musk’s personal net worth down by $768m in a single day, according to Forbes. | Thursday’s unveiling of Tesla’s latest electric vehicle hit a snag when the company’s chief designer smashed the vehicle’s windows while attempting to demonstrate their durability. Tesla’s share price subsequently plummeted 6%, bringing Musk’s personal net worth down by $768m in a single day, according to Forbes. |
“It is literally bulletproof to a 9mm handgun,” Musk said of the cybertruck, moments before the design chief, Franz von Holzhausen, went on to demonstrate not once, but twice, that the windows could break because a man threw a ball at them. | |
“It didn’t go through, that’s the plus side,” Musk said. | “It didn’t go through, that’s the plus side,” Musk said. |
Musk had previously described the vehicle as a “really futuristic-like cyberpunk, Blade Runner pickup truck”. But the overall reaction to its design has not been kind, with many laughing at its almost cartoonishly large, video game-like features. | Musk had previously described the vehicle as a “really futuristic-like cyberpunk, Blade Runner pickup truck”. But the overall reaction to its design has not been kind, with many laughing at its almost cartoonishly large, video game-like features. |
It wasn’t the first time Musk’s theatrics have sent his company’s share price tumbling. Tesla’s shares took a similar 6% hit a year ago, when Musk decided to smoke marijuana on a live web show. | It wasn’t the first time Musk’s theatrics have sent his company’s share price tumbling. Tesla’s shares took a similar 6% hit a year ago, when Musk decided to smoke marijuana on a live web show. |
At the time, Musk called the Guardian “the most insufferable newspaper on planet Earth” in response to a question about the wisdom of smoking marijuana while he was under investigation by the SEC for tweeting that he had “secured” funding to take Tesla private. | At the time, Musk called the Guardian “the most insufferable newspaper on planet Earth” in response to a question about the wisdom of smoking marijuana while he was under investigation by the SEC for tweeting that he had “secured” funding to take Tesla private. |
For what it’s worth, he claimed his team had successfully tested the stunt ahead of the launch, and that the windows had not shattered. | For what it’s worth, he claimed his team had successfully tested the stunt ahead of the launch, and that the windows had not shattered. |
But with Musk’s net worth still estimated at more than $20bn, perhaps he can afford to keep breaking things. | But with Musk’s net worth still estimated at more than $20bn, perhaps he can afford to keep breaking things. |
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