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In Just Hours, a Major Incident Erases $44 Billion of Elon Musk’s Net Worth, Dealing a Heavy Blow to the Billionaire

Elon Musk’s social media platform, X (formerly Twitter), faced a significant disruption on Friday afternoon, which adversely affected users across the United States. This outage, lasting several hours, compounded the difficulties Musk is experiencing, as his $44 billion investment in X appears increasingly vulnerable.

The incident commenced around 2:30 PM ET, preventing users from accessing the platform or utilizing its services, which led to a spike in complaints on outage-monitoring websites like Downdetector. As the outage persisted into the afternoon, more than 50,000 reports from frustrated users were logged, with the majority of issues reported in the eastern United States. Initially, the technical problems seemed to impact larger metropolitan areas along the East Coast, but the most severe disruptions were noted in major Midwestern cities such as Dallas, Chicago, and Minneapolis. Furthermore, users from other regions, including Atlanta, Philadelphia, Boston, and New York, reported challenges in logging in or accessing the platform’s features.

Many users turned to alternative social media platforms to voice their dissatisfaction, with some directly criticizing Musk for the irony of the world’s wealthiest individual struggling to maintain the service he purchased for an astonishing $44 billion. One particularly frustrated user tweeted: “Elon is literally the richest man alive and is still unable to keep his service running.”Alongside the frustration of not being able to access their accounts, many X users expressed concern that they had been banned from the platform, as they received error messages suggesting they were not authorized to use the service. This uncertainty prompted users to speculate about potential violations of platform policies, only to later realize that the outage was far more widespread than they had initially thought.

 

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Tesla Is No Longer Elon Musk’s Most Valuable Asset

**Breaking News: Tesla Falls Behind as Musk’s SpaceX Surges Ahead** In a stunning turn of events, Tesla is no longer the crown jewel of Elon Musk’s empire, as SpaceX has officially surpassed the electric vehicle giant in value for the first time in five years. Musk’s fortune, once heavily anchored by Tesla, has shifted dramatically following a series of alarming developments. Musk’s financial landscape took a hit after he funneled over $200 million into Donald Trump’s re-election campaign, but he rebounded quickly, briefly becoming the world’s first $400 billion individual. However, Tesla’s stock has since plummeted by 50%, exacerbated by disappointing delivery numbers and concerns over Musk’s divided attention as he juggles his new role in the Trump administration. Recent reports indicate that Tesla’s revenue growth has stagnated to a mere 1% in 2024, while net income has declined for the second consecutive year. Meanwhile, shocking drops in vehicle sales have been documented across key markets, including Germany, China, and Australia. As public sentiment turns against Musk, protests have erupted at Tesla dealerships nationwide, amplifying the urgency of the situation. The turmoil doesn’t end there. Musk’s appeal of a Delaware court ruling that invalidated a lucrative pay package has further complicated his financial stability. Forbes has slashed the value of Musk’s stock options by 50%, revealing that his stake in Tesla is now worth $97.8 billion, significantly less than the soaring valuation of SpaceX. With SpaceX’s value now estimated at $147 billion—almost $20 billion more than Musk’s Tesla holdings—this shift marks a seismic change in Musk’s financial narrative. SpaceX’s revenue surged by 51% to $13.1 billion in 2024, buoyed by the booming Starlink satellite internet service. As the dust settles, it’s clear that Musk’s fortunes are in flux, and the landscape of his empire is shifting dramatically. Stay tuned as we continue to monitor these developments closely.

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