Musk’s loose tongue costs him billions again – media ...News

Economy by : (Russia Today) -
The Tesla owner’s fortune shrank by nearly $17 billion in one day after his plans to cut jobs were leaked The world’s richest man, Elon Musk, saw his fortune shrink by $16.9 billion on Friday, Forbes reports. Earlier this week, reports emerged of Musk’s plans to lay off 10% of Tesla’s employees and suspend hiring, citing the CEO’s leaked letter to senior management. As a result, Tesla shares dropped 9.2%, bringing his fortune down as well. According to the media outlet, his fortune is now estimated at $216.8 billion. This is not the first time Musk’s words have cost him and the company money. Earlier this week, sh

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