The business of creating the future is an expensive one, and it’s a lesson that Elon Musk is seemingly learning the hard way. While Musk and SpaceX are celebrating another successful launch of their Falcon 9 rocket, hot on the heels of a launch that carried 10 satellites into orbit, other areas of Musk’s professional life aren’t faring quite so well. Take Tesla, where a reports of the company running out of cash, plummeting stock prices, and a recent Tesla Model S recall affecting 123,000 vehicles have sent investors into a panicked spiral. As a result, Musk’s net worth dropped by a whopping 17% over the past month. Tesla stock prices have also dropped more than 15% in the wake of a deadly crash involving a Tesla Model X that was allegedly using the vehicle’s autopilot feature. All things considered, everything is not coming up Milhouse for Elon Musk lately.
[brightcove video_id=”5762616234001″ brightcove_account_id=”3653334524001″ brightcove_player_id=”rJs2ZD8x”]But should we be concerned that the billionaire will be reduced to a mere millionaire anytime soon? Musk took to Twitter on April 1 where he joked that Tesla “has gone completely and totally bankrupt.”
Tesla Goes Bankrupt
Palo Alto, California, April 1, 2018 — Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it.— Elon Musk (@elonmusk) April 1, 2018
There are many chapters of bankruptcy and, as critics so rightly pointed out, Tesla has them *all*, including Chapter 14 and a half (the worst one).
— Elon Musk (@elonmusk) April 1, 2018
Elon was found passed out against a Tesla Model 3, surrounded by Teslaquilla bottles, the tracks of dried tears still visible on his cheeks.
This is not a forward-looking statement, because, obviously, what's the point?
Happy New Month! pic.twitter.com/YcouvFz6Y1
— Elon Musk (@elonmusk) April 1, 2018
While he likely won’t go bankrupt anytime soon, Elon Musk’s financial future is the subject of hot debate on this week’s episode of Muskwatch. Plus, we break down what you need to know about the aforementioned Falcon 9 launch, and how the Japanese Aerospace Exploration Agency is revolutionizing the way we make rocket fuel. Watch along in the video above and brace yourselves because things are about to get weird.
Muskwatch airs on Nerdist.com and YouTube every Tuesday, but you can watch all new episodes two full days earlier on Sunday if you’re an Alpha subscriber. If you’re not already, find out how you can get 30 days free right here.
What do you think of this week’s biggest Musk stories? What would you like to see us explore on the next Muskwatch? Let us know in the comments below!
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