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Elon Musk Loses $10 Billion In A Day After Alleged Sexual Misconduct Surfaces

The Tesla and SpaceX CEO simply misplaced $10 billion in a single day after allegations of sexual misconduct towards him surfaced.

(Photograph : Dimitrios Kambouris/Getty Photographs for The Met Museum/Vogue)NEW YORK, NEW YORK – MAY 02: Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Vogue” at The Metropolitan Museum of Artwork on Might 02, 2022 in New York Metropolis.

“Elongate” Scandal
Elon Musk was value about $212 billion on Thursday, based mostly on the Bloomberg Billionaires Index. However after information of the sexual harassment allegations towards him broke out on Thursday, the index indicated that his worth evaporated to round $201 billion,
The information got here from Insider’s report, which claimed that SpaceX, the aerospace firm headed by Musk, paid a flight attendant $250,000 as a settlement for a sexual misconduct declare towards the billionaire in 2018.
Nevertheless, Musk has denied the accusations, saying that they’re “totally unfaithful” and that “it by no means occurred.”
The report detailed the $250,000 settlement how a SpaceX flight attendant alleged that Musk uncovered his personal genitalia to her in 2016 after giving him a therapeutic massage and propositioned her to have intercourse by saying “do extra” and that if she accepted it, he would purchase her a horse.
Musk even joked about this declare by saying that the “Elongate” scandal has began. He additionally mentioned on Twitter that Tesla is making a “hardcore litigation division” that can report on to him.
In complete, Tesla confronted a tough week as the corporate’s shares have been falling down since traders had been involved that Musk’s consideration is just too divided between varied corporations. In addition they fear how he’s going to handle a quickly lowering $44 billion acquisition deal for Twitter.
The previous week has additionally put the billionaire in scorching water after calling the S&P 500’s environmental, social, and authorities score (ESG) as “a rip-off.” He additionally introduced that he shall be voting for Republicans and known as the Democrats a “get together of division and hate.” 
Learn Additionally: Elon Musk May Lower $44 Billion Twitter Deal Primarily based on Variety of Bots 
“There Will Be Blood”
The billionaire instructed Insider in a press release that the report was a “politically motivated hit piece” and that the story had one thing extra behind it.
In a Twitter thread, Musk mentioned that the assaults towards him “must be considered by means of a political lens.”
“That is their commonplace (despicable) playbook – however nothing will deter me from combating for an excellent future and your proper to free speech.” 
The Tesla and SpaceX exec additionally clarified that the “wild accusations” are fully false.
He even challenges the one who noticed him uncovered, telling her to explain a minimum of one bodily attribute of Musk akin to scars or tattoos that is not recognized by the general public. He claimed that she’s going to by no means determine one “as a result of it by no means occurred.”
He additionally mentioned that “there shall be blood” in a collection of tweets concerning Tesla’s litigation division.
However the so-called Elongate scandal doesn’t cease there. A brand new documentary from the New York Occasions on Tesla’s autopilot was launched on Friday, the title “Elon Musk’s Crash Course” options how Musk has responded to accidents that occurred along with his carmaker’s Autopilot system.
This yr alone, the Billionaires Index signifies that Musk has misplaced greater than $69 billion. In Explicit, he has misplaced $49 billion ever since he introduced his plans to take over Twitter, which is presently on maintain.
Associated Article: ‘Poor Elon’ Developments on Twitter After Musk Loses $12 Billion In A Day
This text is owned by Tech Occasions
Written by Joaquin Victor Tacla

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