<p><strong><em>By Tom Maloney</em></strong></p>.<p>It has been a tumultuous 24 hours for Elon Musk.</p>.<p>Tesla Inc disappointed investors with its first-quarter results, sending the electric-car maker’s shares down 9.75 per cent on Thursday to $162.99. An experimental Starship rocket designed by SpaceX achieved liftoff in Boca Chica, Texas, only to explode about four minutes later in a fiery ball above the Gulf of Mexico. And on Twitter, as Musk promised weeks ago, many users lost their legacy blue checkmarks for choosing not to pay $8 per month for the privilege.</p>.<p>When it comes to the billionaire’s net worth, Tesla’s sinking share price had the most immediate consequences. His wealth dropped by $12.6 billion as a result, according to the Bloomberg Billionaires Index, his biggest decline this year. His stake in Tesla, including shares and options, makes up the biggest part of his $163.9 billion fortune, though SpaceX has become more important as its valuation soars. </p>.<p><strong>Also read | <a href="https://www.deccanherald.com/business/stamp-of-approval-twitters-musk-amplifies-misinformation-1210981.html" target="_blank">'Stamp of approval': Twitter's Musk amplifies misinformation</a></strong></p>.<p>Musk, 51, is chief executive officer of both companies, as well as Twitter, the social media site he acquired last year. He remains the world’s second-richest person behind French luxury tycoon Bernard Arnault, and has seen his fortune rebound by $26.8 billion this year on the back of Tesla’s 32 per cent gain. </p>.<p>At Tesla, Musk acknowledged “it’s difficult to say what the margin will be,” when asked what level of profitability the company was comfortable with.</p>.<p>As for SpaceX, Musk congratulated employees and said he’s optimistic about the program’s progress, according to an internal email seen by <em>Bloomberg</em>.</p>.<p>And on Twitter, among other things, he replied to a tweet about April 20 — known as 420 Day and an unofficial pot holiday.</p>.<p>It’s “shaping up to be quite the day!” he tweeted.</p>
<p><strong><em>By Tom Maloney</em></strong></p>.<p>It has been a tumultuous 24 hours for Elon Musk.</p>.<p>Tesla Inc disappointed investors with its first-quarter results, sending the electric-car maker’s shares down 9.75 per cent on Thursday to $162.99. An experimental Starship rocket designed by SpaceX achieved liftoff in Boca Chica, Texas, only to explode about four minutes later in a fiery ball above the Gulf of Mexico. And on Twitter, as Musk promised weeks ago, many users lost their legacy blue checkmarks for choosing not to pay $8 per month for the privilege.</p>.<p>When it comes to the billionaire’s net worth, Tesla’s sinking share price had the most immediate consequences. His wealth dropped by $12.6 billion as a result, according to the Bloomberg Billionaires Index, his biggest decline this year. His stake in Tesla, including shares and options, makes up the biggest part of his $163.9 billion fortune, though SpaceX has become more important as its valuation soars. </p>.<p><strong>Also read | <a href="https://www.deccanherald.com/business/stamp-of-approval-twitters-musk-amplifies-misinformation-1210981.html" target="_blank">'Stamp of approval': Twitter's Musk amplifies misinformation</a></strong></p>.<p>Musk, 51, is chief executive officer of both companies, as well as Twitter, the social media site he acquired last year. He remains the world’s second-richest person behind French luxury tycoon Bernard Arnault, and has seen his fortune rebound by $26.8 billion this year on the back of Tesla’s 32 per cent gain. </p>.<p>At Tesla, Musk acknowledged “it’s difficult to say what the margin will be,” when asked what level of profitability the company was comfortable with.</p>.<p>As for SpaceX, Musk congratulated employees and said he’s optimistic about the program’s progress, according to an internal email seen by <em>Bloomberg</em>.</p>.<p>And on Twitter, among other things, he replied to a tweet about April 20 — known as 420 Day and an unofficial pot holiday.</p>.<p>It’s “shaping up to be quite the day!” he tweeted.</p>