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Elon Musk Loses $10 Billion In A Single Day After Being Accused Of Sexually Assaulting Air Hostess

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It has been revealed that the world’s richest man, Elon Musk lost a staggering $10 billion in a single day after being accused of sexual misconduct.


This emerged on Friday, May 20 after Tesla’s stock plunged, according to Bloomberg.

Musk is the founder of Tesla.

Read Also: Elon Musk’s SpaceX Is Poised To Become The Most Valuable U.S. Startup
The company’s stock price fell after a report that SpaceX settled a sexual misconduct claim against him.

A market analyst said Tesla’s backers feared “key-man risk” and “perception is reality for [Wall] Street.”

Musk was worth about $212 billion on Thursday, according to the Bloomberg Billionaires Index. After news of the allegations broke on Thursday night, his wealth fell to around $201 billion, the index showed.

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Read Also: Elon Musk Puts $44bn Twitter Takeover On Hold Over Spam Accounts
According to a report, SpaceX, the aerospace firm founded by Musk, paid a flight attendant $250,000 to settle a sexual misconduct claim against Musk in 2018. Musk categorically denied the claim, saying it came out due to his ongoing purchase of Twitter.

Musk owns around 47% of SpaceX. Last week, the company was estimated to have reached a $125 billion valuation.

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Photo Credit: Getty

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