Elon Musk become the richest person in the world this year as his electric car company Tesla (TSLA) gears up to join the S&P 500 on Dec. 21. He now has a net worth of $7.2 billion, surpassing Microsoft founder Bill Gates and Amazon’s founder Jeff Bezos, according to Bloomberg’s Billionaires Index.
But this is not all for which he has been in news. He has been in news for various controversies because of his joyful conduct and reckless remarks.
Here are some of the Elon Musk’s Controversies:
- Elon Musk smoked pot in a media appearance
Encouraged by Joe Rogan, Musk smoked marijuana after being positive that it was legal in California to smoke marijuana while sipping on whiskey.
2. Elon Musk accused the cave diver of being a paedophile.
After British diver Vern Unsworth, who aided the Thai cavern salvage of 12 young men and their mentor in July, called Musk’s proposal to help a “PR stunt,” Musk unjustifiably tweeted that Unsworth was a “pedo fellow.” Clearly, individuals called him out for using the term paedophile. Elon gave a statement of regret after things turned crazy calling his tweet ‘a mix-up’.
3. When Elon Musk’s tweet left Tesla’s market value go down by $14 billion in hours.
No CEO would openly concede that the stock cost of their organization is exaggerated however then Musk is definitely not a standard CEO. In May 2020, a seven-word tweet caused Tesla’s cost to crash 9% after its CEO expressed, “Tesla stock cost is too high IMO”.
The tweet rejected off $13 billion from Tesla’s valuation and $3 billion from Musk’s own fortune dependent on Tesla’s market cap.
4. When Elon Musk Claimed support to take Tesla private
Musk dazed Wall Street toward the beginning of August with a tweet that he had “subsidizing made sure about” to take Tesla private at $420 per share. The tweets not just started a government examination and irritated Tesla board individuals yet additionally made 420′ into a code for weed in nonconformity legend.
The choice in 2021 supported Musk’s crowning ordinance as the world’s most extravagant with Tesla’s market capitalization arriving at an incredible $800 billion.
However, this was after Musk consented to settle the SEC examination with a $20 million punishment and consenting to get his tweets with respect to organization data confirmed by a legal advisor.
5. When Elon Musk threatened to launch a website to rate journalists’ credibility
Irritated by a while of negative press on creation issues with Tesla’s Model 3 car, collisions including its vehicles in 2018, Musk went on a rant against media, requiring a writer rating site, which he said will be named ‘Pravda’. Pravda is a Russian paper earlier used to additional its purposeful publicity by the Soviet Union.
He called writers “hypocritical.”
Musk excused recommendations that he was veering into an area involved by President Donald Trump, who has also impacted the news media for announcing he loathes.