Elon Musk’s Net Worth Falls $770 Million After Tesla’s Botched Cybertruck Debut

Time will tell if drivers buy into Elon Musk’s futuristic Cybertruck, but Wall Street is so far skeptical. Tesla stock has skidded since the electric vehicle maker unveiled the long-awaited electric pickup truck in a live demonstration gone awry last week—wiping three quarters of a billion dollars off founder and CEO Elon Musk’s fortune.

“You want a truck that’s really tough, not fake tough,” Musk said of the Blade Runner-esque, angular car. “You want a truck you can take a sledgehammer to, a truck that won’t scratch, doesn’t dent.”

To prove that he had created such an automobile, Musk directed a Tesla designer to take a sledgehammer to the Cybertruck’s door. No damage. But when he had the designer throw a metal ball at its “armor-glass” windows, things went off the rails. “Oh my f***ing God,” said a surprised Musk, as the window shattered.