Elon Musk’s net worth drops $768M after Cybertruck fail

By: Vincent I.

It was a $768 million mistake.

A day after an ill-fated demonstration of his futuristic Cybertruck — a pickup that was supposed to be indestructible — Tesla CEO and founder Elon Musk’s net worth faced a massive drop.

Tesla stock skidded 6% hours after the tech billionaire unveiled the Cybertruck at the SpaceX headquarters last week. The vehicle, which was billed as being able to withstand a bullet from a 9mm gun, sustained damage after a designer lobbed metal balls at the windows. The stock market plunge resulted in a loss of $768 million for the billionaire.

“Oh my f–king God,” said Musk after his head designer threw a metal ball at the driver’s side window, causing a an impact that left a crater in the vehicle and caused the armored glass to crack. When the designer tried again, lobbing the metal ball at another window, more damage ensued.

The Cybertruck will retail for just under $40,000, and production is scheduled to begin in 2021.

On Saturday, Musk tweeted there were orders for 146,000 Cybertrucks, adding in a second tweet that the interest in the vehicle came without any advertising and no paid endorsements.