Elon Musk’s net worth dropped $720 million after Tesla’s botched Cybertruck debut
gone awry last night—wiping nearly three quarters of a billion dollars off founder and CEO Elon Musk’s personal fortune.esque, angular car. “You want a truck you can take a sledgehammer to, a truck that won’t scratch, doesn’t dent.”
The demonstration did little to inspire confidence in the Cybertruck, especially given its radical design. As of 2 pm ET today, Tesla’s share price has dropped by nearly 6% since the market close yesterday, pushing Musk’s net worth down by $720 million in a single day, to $23.6 billion. The 48-year-old founder is the 41st-richest person in the world.
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