A shocking moment has shaken the financial world and the technological industry: in a few minutes, $ 44 billion disappeared from the fortune of the businessman Elon Musk, an event that seems almost unimaginable even to a man known for his extremes and his stockings. The CEO of Tesla and the richest person in the world, at least temporarily, are now faced with the ruins of an unexpected crisis which threatens his empire and his reputation. In a first reaction, Musk himself commented on his X platform: “It’s really incredible …”, a statement that underlines the dramatic nature of the situation while asking questions about what happened exactly.
The sudden drop in value seems to be linked to a huge collapse of Tesla’s shares that have occurred in a very short period. According to reports, a series of events has triggered this collapse: rumors of production problems at the Gigábic de Tesla in Shanghai, as well as a surprising drop in demand for electric vehicles in chat markets such as China and Europe. This was added an unexpected announcement of competition which planned to launch new more economical models, which caused panic among investors. In a few minutes, the course of the action collapsed by more than 20% and, with it, an important part of the wealth of Musk, strongly linked to the Tesla value.
But the crisis extends beyond Tesla. SpaceX, another of the main musk companies, also downgraded when internal sources said that the launch of a planned rocket had been postponed, allegedly due to technical difficulties. At the same time, it is assumed that the acquisition of Twitter (now X) by Musk by 2022 by 44 billion dollars influenced. Some analysts suspect that recent events have increased pressure on musk to justify this investment, which was considered risky from the start. The irony that the same sum – $ 44 billion – has been lost in another way, does not go unnoticed by observers.
The reactions to this financial setback were diverse. Critics see this as a kind of balance of justice for a man who often considered untouchable. “Musk has always touched fire, and now he has assigned his price,” said a stock market analyst. Others, in particular, their supporters consider the crisis as a temporary setback in a race marked by spectacular yields. “Elon survived worse.
However, for Musk himself, the situation seems more serious than it admits it publicly. Sources close to him report that he has maintained intense conversations with his management team in recent hours to limit the damage. Tesla has announced an official declaration, which is still pending, but the markets are impatiently expecting all the words of the CEO, known to surprise the unconventional measures. This can recover the confidence of investors is still uncertain, especially since the competition does not rest and that the global economy already goes through periods of uncertainty.
The personal consequences for musk can also be huge. His status as a richest person in the world, who challenges Jeff Bezos and other technological titans, depends on most of these events. A loss of this magnitude can harm it not only financially but also symbolically. But maybe Musk knows he rarely surrenders. He took advantage of the crises in the past to redirect his businesses through daring products advertisements or radical cost reductions.
While the world is waiting for the next steps for this visionary entrepreneur, the situation remains uncertain. Maybe $ 44 billion disappeared in a moment, but the story of Elon Musk is far from over. The fact that this crisis is your fall or your next triumph depends on the way it describes it as “the incredible”. The progress of time and the whole world observes it.
