Elon Musk. "Catastrophic loss" in one day due to scandal

Hazel Magazine
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The embarrassing incident caused a huge loss to Musk

An embarrassing incident caused a heavy loss for Tesla businessman Elon Musk after a dramatic drop in his company's shares.

The drop in Tesla's shares came a day after the embarrassing incident during the presentation of the Cypertruck light armored truck, which was supposed to be an armored vehicle, but its glass was broken during its premiere, in the presence of Musk on stage.

Musk acknowledged that the new vehicle needs some improvements.

According to Forbes magazine, the Cybertruck incident caused a 6 percent drop in the value of shares, with Musk losing $ 768 million in a single day.

The magazine estimated Musk's current fortune at $ 23.6 billion, putting the 48-year-old businessman among the 50 richest people in the world, ranked 41 in particular.

Production of the Cybertruck, a steel structure, was due to start in the next two years, but the failed offer raises doubts about the deadline.

The new car starts at $ 40,000, can carry six people, and can reach 100 kilometers per hour in 2.6 seconds.

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