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Here’s How a Small Metal Ball Costs Elon Musk a Whooping $768 mn

At the Los Angeles event in the Tesla Design Centre late on Thursday, Musk took a dig at Ford, showing a video of a "tug of war" between F-150 and the Cybertruck

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Multi-billionaire tech mogul Elon Musk net worth on Saturday reportedly plummeted 6 percent, bringing his personal net worth down by $768 million in a single day after a metal ball crashed down the unbreakable glass of his long-awaited Cybertruck during its launch event.

At the Tesla Cybertruck unveiling, Musk asked the company’s lead designer, Franz von Holzhausen, to demonstrate the strength of the “Armor Glass” by throwing a solid metal, baseball-sized ball at the window, but surprisingly the glass broke when the ball was over-armed into it, independent.co.uk reported.

“We threw wrenches, we threw everything, we even literally threw a kitchen sink at the glass, and it didn’t break. For a little weird reason it broke now, I don’t know why,” Musk said on Thursday.

He then joked, “We’ll fix it in post.”

Interestingly, the video went private on Tesla’s YouTube channel about 30 seconds after the live stream was over.

Tesla CEO Elon Musk
Tesla CEO Elon Musk introduces the Cyber truck at Tesla’s design studio in Hawthorne, California. Musk is taking on the workhorse heavy pickup truck market with his latest electric vehicle. VOA

Starting at $39,900, Cybertruck is inspired by “Lotus Esprit S1” from the James Bond film “The Spy Who Loved Me”.

The truck will come in three versions with 250 miles, 300 miles and 500 miles of range, respectively.

According to research firm IHS Markit, the Ford F-150 has been the top-selling pickup truck in the US for more than 40 years, followed by GM’s Chevrolet Silverado.

Also Read: Here’s How Cloud-based Gaming Threatening the Survival of Traditional Consoles

Pickup trucks are currently the fastest-growing segment in the US.

At the Los Angeles event in the Tesla Design Centre late on Thursday, Musk took a dig at Ford, showing a video of a “tug of war” between F-150 and the Cybertruck. (IANS)

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Elon Musk Wins in Defamation Trial Over his ‘Pedo Guy’ Tweet

"Anybody that knows this man knows beyond a shadow of a doubt that Elon's accusations were false," Wood said outside court. "This was not the justice that he deserved under the evidence

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Multi-billionaire tech mogul Elon Musk has emerged triumphant from a defamation trial as the federal court jury swiftly rejected the $190 million claim brought against him by a British man over “pedo guy” tweet, who helped with the rescue of 12 boys and their soccer coach from a flooding Thai cave.

Both Musk and Vernon Unsworth were present for the closing remarks.

Musk appeared unhappy during the closing remarks, while Unsworth, whose back was to the jury, at times looked to be wiping tears from his eyes as Spiro spoke, The Verge reported on Friday.

During the last hearing, Musk’s lawyer told the jury the tweet did not rise to the level of defamation and cases over insults didn’t belong in federal courtrooms.

While, leaving the courtroom, Musk told reporters: “My faith in humanity is restored, the jury did the right thing.”

Elon Musk, CEO of SpaceX and Tesla. Wikimedia Commons

“I accept the jury verdict, take it on the chin, and move on,” Unsworth said outside court.

As per report, in closing remarks, Unsworth’s attorney, L. Lin Wood, characterized one of Musk’s tweets as “sue or true”. Wood said he believed Musk got involved in the Thai cave rescue as a publicity stunt.

“I believe Elon Musk saw an opportunity to capitalize on the attention,” Wood said in his closing statement.

Also Read: Adobe Plans to Buy Oculus Medium: Report

Additionally, Wood asked for $5 million in actual damages, $35 million in assumed damages and $150 million in punitive damages.

“Anybody that knows this man knows beyond a shadow of a doubt that Elon’s accusations were false,” Wood said outside court. “This was not the justice that he deserved under the evidence.” (IANS)