Founder and CEO of Tesla, Elon Musk loses $ 10 billion in a single day after allegations of sexual harassment surfaced. The wealth of the world’s richest historical billionaire reached $ 212,000 million on Thursday, according to the Bloomberg Billionaires Index. His assets plummeted to nearly $ 201 billion after news of the allegations surfaced Thursday night.
According to an American media report, SpaceX, the space company founded by Musk, paid the flight attendant $ 250,000 to settle a sexual assault case. Against Musk in 2018. Musk denied the allegations, accusing them of causing the political downfall caused by his aggressive takeover of Twitter weeks ago.
The contract fee starts from 2018, while the complaint against Musk is for an event that took place in 2016. Whistleblower flight attendant served as a member of the contract cabin crew for SpaceX’s corporate jets.. According to interviews and documents published in American newspapers, the employee accused Musk of exposing his erect penis, rubbing his leg without consent, and buying a horse in exchange for an erotic massage.
Musk holds approximately 47% stake in SpaceX. Last week, the private company was estimated to be worth about $ 125 billion. But as a private company – its shares are not in the market – its valuation does not change greatly from one day to the next.
On the other hand, The performance of Tesla shares in Wall Street has a very direct impact on how Muskin’s wealth is calculated. The entrepreneur owns about 15% of the company, Keeping track of whose value was affected after learning the news about the allegations. Tesla shares fell 6.4% on the same day.
But Muskin’s sex scandal is just one part of a series of devaluations that began this year.. According to the same Bloomberg index, Musk’s “value” has fallen by $ 69,000 million so far this year between the general decline of Wall Street codes and the specific footfall of the technology companies he leads.
As investors became frustrated with the health of the global economy, Tesla’s stock prices plummeted amid global stock sales.
But Tesla investors may have wondered how “point man risk” or harm to one person can negatively affect an entire company. “The dangers of Kasturi’s distraction (emotional truth) are hard to ignore,” he tweeted Thursday. Don IvesA Wealthbush analyst quoted by Business Insider notes that Musk’s focus was divided between Tesla and his upcoming Twitter acquisition.
Tesla’s share price has accelerated since Musk announced that he was seeking to remove Twitter from the New York Stock Exchange in a $ 44 billion deal. In April. Following the announcement, shares of Tesla plunged more than 12% as shareholders wondered how it was going to finance its acquisition of Twitter.
Just last week, shares of the electric car maker, which is set to become the world’s most valuable automaker, fell 14%.It has wiped out about $ 110 billion from its market capitalization.
As Tesla continues to suffer from bad news, Musk can see its net worth shrinking further. A new documentary, “Elon Musk’s Crash Course”, premiered Friday, looking at Musk’s response to car crashes caused by auto pilot crashes on Tesla cars.
On the same day, Musk said on Twitter that he was creating a “tough lawsuit” at Tesla, which would report him directly. I was looking for serious and unrelenting candidates.
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