It seems that Elon Musk’s “vaults” have become lighter in the last 24 hours. AfterDue to problems with Twitter, SpaceX and Tesla, the billionaire’s fortune fell by $12.6 billion.. This all happened about 24 hours after the Twitter Blue controversy, the Starship rocket explosion, and Tesla’s revenue crash.

It seems that shareholders and investors are not very happy with Musk’s results. After making numerous price cuts for Tesla electric vehicles, the company’s revenue fell significantly in the last quarter, which led to a 10% drop in the company’s share price. To try to fix the problem, Tesla has adjusted the prices of the cars by increasing their cost to boost sales profits.

Rockets, cars and twitter, all problems

Tesla’s disappointing results aside, the Starship rocket launch didn’t go as planned. After engine problems, SpaceX’s rocket had to be blown up on purpose to avoid serious problems. If that wasn’t enough, the launch of the Super Heavy engine (a new technology with high expectations) ended up causing more problems than anticipated, causing “sand rain” in the city of Port Isabel, which is about 10 km from the launch. region.

Because misfortune never comes unaddressed, the CEO also gets into trouble with Twitter. In fact, ever since he took over the management of the social network, he has had problems with the platform. Now the most recent is the launch of Twitter Blue, a 42 reais monthly subscription plan to get a verified print. Apparently, the news did not please artists and celebrities, many decided not to pay the subscription fee. A lot of Celebrities with a confirmation badge like LeBron James don’t pay for a subscription either.just received a courtesy from Elon himself.

Apparently, the last 24 hours have not been the best for the billionaire. Despite losing $12.6 billion of his net worth, Musk did not become penniless. After all, the billionaire’s net worth is still around $163.9 billion. Either way, I doubt he’s willing to keep losing money.

Tesla raises prices of Model S and X in the US after cutting in the first quarter
The company aims to reverse losses and maintain growth in the automotive market

Source: Edge

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