According to the estimates from the billionaires index, the most chaotic CEO lost $10.6 billion of his personal wealth last Friday. Musk's wealth fell due to the tanking of his shares in the market. Even though the richest man in the world seems to avoid consequences for most of his actions, he still succumbs to some financial consequences of scandal.
On Friday, shares in the electric carmaker lost more than 10% of their value. They were down 6.4% by the close of the market. The share price of the company recovered slightly on Monday. Time.
According to the report, Musk exposed his erect penis to a flight attendant after she gave him a massage and then propositioned her for sex. Musk joked about the scandal, even denying the report's claims.
It was a rough week for the company, which was plagued by its CEO's erratic and trash-talking statements, as well as by outside forces. As investors worried that Musk's attention would be diverted as he manages a rapidly spiraling $44 billion takeover of Twitter, shares in the company fell. In recent days, Musk called the S&P 500's environmental, social, and government rating a scam, after he announced he would vote for Republicans. Musk said that he was creating a hardcore litigation department that would report directly to him.
Musk said on Friday that he was looking for hardcore streetfighters, not white-shoe lawyers who thrive on corruption.
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