{"id":113746,"date":"2024-10-13T17:36:45","date_gmt":"2024-10-13T10:36:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=113746"},"modified":"2024-10-13T17:36:45","modified_gmt":"2024-10-13T10:36:45","slug":"elon-musks-net-worth-fell-15-billion-after-tesla-robotaxi-event","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=113746","title":{"rendered":"Elon Musk&#8217;s Net Worth Fell $15 Billion After Tesla Robotaxi Event"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul class=\"summary-list\">\n<li>Tesla debuted its prototype Cybercab at Thursday&#8217;s &#8220;We, Robot&#8221; event in Los Angeles.<\/li>\n<li>Tesla stock fell more than 9% on Friday, reducing Elon Musk&#8217;s net worth.<\/li>\n<li>Though his net worth dropped by about $15 billion, Musk remains the world&#8217;s richest man.<\/li>\n<\/ul>\n<p><!-- Excluded mobile ad on desktop --><\/p>\n<div class=\"inline-newsletter-signup&#10;                          headline-regular loading&#10;                          insider-today\" id=\"formContainer\" data-component-type=\"inline-newsletter-module\" data-event-label=\"insider_today\" data-newsletter-id=\"1\" data-newsletter-title=\"Insider Today\" data-acq-source=\"techinlinesignup\" data-track-view=\"{&quot;product_field&quot;:&quot;bi_value_unassigned&quot;,&quot;element_name&quot;:&quot;inline_newsletter&quot;}\">\n<section class=\"inline-newsletter-content\">\n<div class=\"success-container__mobile d-none\">\n<p>Thanks for signing up!<\/p>\n<p>\n                              Access your favorite topics in a personalized feed while you&#8217;re on the go.<br \/>\n                              <button class=\"rounded-button headline-semibold white-button download\" type=\"white\"><br \/>\n                                download the app<br \/>\n                              <\/button>      <\/p>\n<\/p><\/div>\n<form id=\"emailCapture\" action=\"javascript:void(0);\" method=\"POST\" novalidate=\"\">\n<div class=\"sign-up-tos headline-regular\" id=\"nlTos\">\n                                  By clicking \u201cSign Up\u201d, you accept our <a class=\"tos-anchor\" href=\"https:\/\/www.insider-inc.com\/terms\" target=\"_blank\" rel=\"noopener\">Terms of Service<\/a> and <a class=\"tos-anchor\" href=\"https:\/\/www.insider-inc.com\/privacy-policy\" target=\"_blank\" rel=\"noopener\">Privacy Policy<\/a>. You can opt-out at any time by visiting our Preferences page or by clicking &#8220;unsubscribe&#8221; at the bottom of the email.\n                              <\/div>\n<\/p><\/form>\n<\/section>\n<div class=\"inline-newsletter-img-wrapper-desktop\">\n<div class=\"lazy-holder lazy-holder  has-transparency\" style=\"padding-top: calc(100% * 124 \/ 111)\">\n<p>                              <img decoding=\"async\" class=\"lazy-image has-transparency\" viewbox=\"0 0 1 1\" src=\"https:\/\/www.businessinsider.com\/public\/assets\/rebrand\/newsletter-bull.png\" alt=\"Bull\"\/><\/p>\n<p>                              <noscript><br \/>\n                                  <img decoding=\"async\" src=\"https:\/\/www.businessinsider.com\/public\/assets\/rebrand\/newsletter-bull.png\"\/><br \/>\n                              <\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><a target=\"_blank\" class=\"\" href=\"https:\/\/www.businessinsider.com\/elon-musk-tesla-robotaxi-cybercar-analysts-self-driving-fleet-ai-2024-10\" data-analytics-product-module=\"body_link\" rel=\"noopener\">Tesla&#8217;s robotaxi event<\/a>, at which the company debuted the long-anticipated prototypes for its Cybercab and Robovan, failed to impress many investors and Wall Street analysts. The company&#8217;s stock tumbled in the aftermath \u2014\u00a0and with it, CEO Elon Musk&#8217;s net worth.<\/p>\n<p>Musk&#8217;s net worth \u2014 which is partly tied up in Tesla, as he holds about 13% of the company&#8217;s stock \u2014 goes up and down along with the company&#8217;s value. And on Friday, Tesla&#8217;s stock sank more than 9% from $238.77 to $217.80 per share.<\/p>\n<p>According to the <a target=\"_blank\" class=\"\" href=\"https:\/\/www.bloomberg.com\/billionaires\/\" data-analytics-product-module=\"body_link\" rel=\"nofollow noopener\">Bloomberg Billionaires Index<\/a>, updated after the close of trading in New York, Musk&#8217;s net worth fell by $15 billion. With a total net worth of $240 billion, Musk remains the richest man on earth.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/tylerroush\/2024\/07\/11\/elon-musks-net-worth-drops-11-billion-after-tesla-reportedly-delays-robotaxi-launch\/\" data-analytics-product-module=\"body_link\" rel=\"nofollow noopener\">Forbes<\/a>\u00a0reported in July that Musk faced a similar financial hit after the <a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/tesla-robotaxi-elon-musk-ride-hailing-uber-lyft-waymo-rivals-2024-10\" data-analytics-product-module=\"body_link\" rel=\"noopener\">&#8220;We, Robot&#8221;<\/a> event was delayed from its original August date, and Tesla stock tumbled about 7%. The company&#8217;s stock value had continued its downward trend through early August then rebounded in September \u2014\u00a0bringing Musk&#8217;s net worth to more than that of <a target=\"_blank\" class=\"\" href=\"https:\/\/www.businessinsider.com\/elon-musk-net-worth-tesla-stock-mcdonalds-ev-wealth-billionaires-2024-9\" data-analytics-product-module=\"body_link\" rel=\"noopener\">McDonald&#8217;s and Pepsi<\/a>.\u00a0However, Tesla shares had not yet returned to the year-to-date high they&#8217;d hit in July before the stock slumped again this week.<\/p>\n<p><!-- Excluded mobile ad on desktop --><\/p>\n<p>Musk will control more than 20% of Tesla shares if his\u00a0<a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/judge-questions-shareholder-restoration-of-elon-musk-tesla-pay-package-2024-8\" data-analytics-product-module=\"body_link\" rel=\"noopener\">massive pay package<\/a>\u00a0survives its ongoing legal challenges,\u00a0which could increase his net worth.<\/p>\n<p>Musk and representatives for Tesla did not immediately respond to requests for comment from Business Insider.<\/p>\n<section class=\"dad-related-posts-component at-inline related-posts \" data-component-type=\"dad-related-posts\" data-delay-third-party-scripts=\"true\" data-size=\"2\" data-container-index=\"in_content_recirc_1\" data-included-verticals=\"tech\" data-placement=\"inline\" data-prevent-collision=\"true\" data-excluded-verticals=\"bi-video\" data-root-margin=\"250px 0px\" data-track-view=\"{&quot;event&quot;:&quot;module_in_view&quot;,&quot;element_name&quot;:&quot;in_content_recirc&quot;,&quot;subscription_experience&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;in_content_recirc_1&quot;}\">\n<p><h2 class=\"content-recommendations-title headline-semibold ignore-typography \">\n                                Related stories<br \/>\n                              <\/h2>\n<\/p>\n<\/section>\n<p>Business Insider reported that the &#8220;We, Robot&#8221; event left many Wall Street analysts with more questions than answers about <a target=\"_blank\" class=\"\" href=\"https:\/\/www.businessinsider.com\/elon-musk-tesla-robotaxi-cybercar-analysts-self-driving-fleet-ai-2024-10\" data-analytics-product-module=\"body_link\" rel=\"noopener\">Tesla&#8217;s robotaxi fleet<\/a>. Analysts criticized the lack of detail about the company&#8217;s plan for self-driving vehicles and showed skepticism surrounding the proposed timelines for their widespread release. That lack of clarity\u00a0and the absence of the long-promised,\u00a0<a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/elon-musk-tesla-halts-gigacasting-blow-to-cheaper-evs-report-2024-5\" data-analytics-product-module=\"body_link\" rel=\"noopener\">less-expensive Tesla<\/a> could have contributed to the stock&#8217;s decline.<\/p>\n<p>&#8220;Heading into what might arguably have been the <a target=\"_blank\" class=\"\" href=\"https:\/\/www.businessinsider.com\/tesla-robotaxi-cybercab-insurance-costs-uber-lyft-2024-10\" data-analytics-product-module=\"body_link\" rel=\"noopener\">most highly anticipated product unveil in Tesla&#8217;s history<\/a>, we had a number of expectations of what the market might learn that we felt were consequential to the direction and debate around the stock,&#8221; Business Insider reported<strong> <\/strong>Morgan Stanley analyst Adam Jonas, wrote in a Friday morning note to clients. &#8220;We were overall disappointed with the substance and detail of the presentation.&#8221;<\/p>\n<p><!-- Excluded mobile ad on desktop --><\/p>\n<p>At the event, Musk said Tesla plans to roll out its autonomous Cybercabs &#8220;before 2027&#8221; and did not provide a timeline for the launch of its Robovan, which will seat 20. The company also revealed the latest prototypes for its <a target=\"_blank\" class=\"\" href=\"https:\/\/www.businessinsider.com\/elon-musk-tesla-robotaxi-event-optimus-robot-serves-drinks-dances-2024-10\" data-analytics-product-module=\"body_link\" rel=\"noopener\">humanoid Optimus robots<\/a>, which danced, poured drinks, and posed for selfies during the event.<\/p>\n<p>Musk said the robots will be &#8220;<a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/elon-musk-tesla-optimus-humanoid-robots-robotaxi-day-2024-10\" data-analytics-product-module=\"body_link\" rel=\"noopener\">the biggest product ever, of any kind<\/a>.&#8221;<\/p>\n<p>In posts on X following the event, Musk highlighted the reviews of Tesla investors impressed with the company&#8217;s vision for the future of <a target=\"_blank\" class=\"\" href=\"https:\/\/www.businessinsider.com\/tesla-robotaxi-event-cybercab-elon-musk-2024-10\" data-analytics-product-module=\"body_link\" rel=\"noopener\">autonomous taxis<\/a>, including reposting a <a target=\"_blank\" class=\"\" href=\"https:\/\/x.com\/ajtourville\/status\/1844900397389053979\" data-analytics-product-module=\"body_link\" rel=\"nofollow noopener\">clip<\/a> of Wedbush analyst Dan Ives describing Tesla as &#8220;front and center of the 4th Industrial Revolution.&#8221;<\/p>\n<\/p><\/div>\n<p><script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: \"load\", script: \"%3Cscript%20id%3D%22meta-pixel-script%22%3E(()%3D%3E%7Bvar%20e%3D%7B69531%3A()%3D%3E%7Bvar%20e%2Cn%2Cr%2Ct%2Co%2Ci%3Bfunction%20s()%7Bwindow.Fenrir%3F.cm%3F.ccpaApplies%26%26%22ACCEPT%22%3D%3D%3Dwindow.Fenrir%3F.cm%3F.userConsent.OPT_OUT%3Ffbq(%22dataProcessingOptions%22%2C%5B%22LDU%22%5D%2C0%2C0)%3Afbq(%22dataProcessingOptions%22%2C%5B%5D)%2Cfbq(%22init%22%2C%221988166924554892%22)%2Cfbq(%22track%22%2C%22PageView%22)%7De%3Dwindow%2Cn%3Ddocument%2Cr%3D%22script%22%2Ce.fbq%7C%7C(t%3De.fbq%3Dfunction()%7Bt.callMethod%3Ft.callMethod.apply(t%2Carguments)%3At.queue.push(arguments)%7D%2Ce._fbq%7C%7C(e._fbq%3Dt)%2Ct.push%3Dt%2Ct.loaded%3D!0%2Ct.version%3D%222.0%22%2Ct.queue%3D%5B%5D%2C(o%3Dn.createElement(r)).async%3D!0%2Co.src%3D%22https%3A%2F%2Fconnect.facebook.net%2Fen_US%2Ffbevents.js%22%2C(i%3Dn.getElementsByTagName(r)%5B0%5D).parentNode.insertBefore(o%2Ci))%2Cwindow.Fenrir%3F.cm%3F.cmStarted%26%26window.Fenrir%3F.cm%3F.userConsent%3Fs()%3AsetTimeout(s%2C1e3)%7D%7D%2Cn%3D%7B%7D%3Bfunction%20r(t)%7Bvar%20o%3Dn%5Bt%5D%3Bif(void%200!%3D%3Do)return%20o.exports%3Bvar%20i%3Dn%5Bt%5D%3D%7Bexports%3A%7B%7D%7D%3Breturn%20e%5Bt%5D(i%2Ci.exports%2Cr)%2Ci.exports%7Dr.m%3De%2Cr.c%3Dn%2Cr.o%3D(e%2Cn)%3D%3EObject.prototype.hasOwnProperty.call(e%2Cn)%2C(()%3D%3E%7Br.S%3D%7B%7D%3Bvar%20e%3D%7B%7D%2Cn%3D%7B%7D%3Br.I%3D(t%2Co)%3D%3E%7Bo%7C%7C(o%3D%5B%5D)%3Bvar%20i%3Dn%5Bt%5D%3Bif(i%7C%7C(i%3Dn%5Bt%5D%3D%7B%7D)%2C!(o.indexOf(i)%3E%3D0))%7Bif(o.push(i)%2Ce%5Bt%5D)return%20e%5Bt%5D%3Br.o(r.S%2Ct)%7C%7C(r.S%5Bt%5D%3D%7B%7D)%3Br.S%5Bt%5D%3Bvar%20s%3D%5B%5D%3Breturn%20s.length%3Fe%5Bt%5D%3DPromise.all(s).then((()%3D%3Ee%5Bt%5D%3D1))%3Ae%5Bt%5D%3D1%7D%7D%7D)()%3Br(69531)%7D)()%3B%3C%2Fscript%3E\" });<\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.businessinsider.com\/elon-musk-net-worth-tesla-robotaxi-event-2024-10\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla debuted its prototype Cybercab at Thursday&#8217;s &#8220;We, Robot&#8221; event in Los Angeles. Tesla stock fell more than 9% on Friday, reducing Elon Musk&#8217;s net worth. Though his net worth &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=113746\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-113746","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113746"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113746\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}