A shocking moment has shaken the financial world and the technology industry: in a matter of minutes, 44 billion dollars disappeared from the fortune of businessman Elon Musk, an event that seems almost unimaginable even for a man known for his extreme ups and downs. The CEO of Tesla and the richest person in the world, at least temporarily, now faces the ruins of an unexpected crisis that threatens both its empire and its reputation. In a first reaction, Musk himself commented on his platform X: “This is really incredible …”, a statement that underlines the dramatic nature of the situation while asking questions about what happened exactly.

The sudden fall of value seems to be related to a massive collapse of Tesla’s actions that occurred in a very brief period. According to reports, a series of events triggered this collapse: rumors of production problems in Tesla’s gigaphabic in Shanghai, along with a surprising fall in the demand for electric vehicles in key markets such as China and Europe. To this was added an unexpected announcement of the competition that planned to launch new more economical models, which caused panic among investors. In a matter of minutes, the price of the shares collapsed more than 20% and, with it, a significant part of Musk’s wealth, strongly linked to the value of Tesla.

But the crisis extends beyond Tesla. Spacex, another of Musk’s flagship companies, also staggered when internal sources reported that the launch of a planned rocket had postponed, supposedly due to technical difficulties. At the same time, it is speculated that the acquisition of Twitter (now x) by Musk in 2022 for 44 billion dollars influenced. Some analysts suspect that recent events have increased the pressure on Musk to justify this investment, which was considered risky from the beginning. The irony that this same sum – 44 billion dollars – has been lost symbolically in another way does not go unnoticed by observers.

The reactions to this financial setback have been diverse. Critics see it as a kind of balance of justice for a man who often considered untouchable. “Musk has always played with fire, and now he has taken its toll,” said a stock market analyst. Others, in particular their supporters, see the crisis as a temporary setback in a race marked by spectacular comebacks. “Elon has survived worse.

However, for Musk himself, the situation seems to be more serious than he admits publicly. Sources close to him report that he has held intense conversations with his management team in the last hours to limit damage. Tesla has announced an official statement, which is still pending, but the markets wait impatiently every word of the CEO, known for surprising with unconventional measures. That manages to recover the confidence of investors is still uncertain, especially since competition does not rest and the global economy already crosses times of uncertainty.

The personal consequences for Musk could also be huge. His status as the richest person in the world, which challenges Jeff Bezos and other technological titans, depends largely on these events. A loss of this magnitude could harm it not only financially, but also symbolically. But anyone who knows Musk knows that he rarely surrenders. He has taken advantage of crises in the past to reorient its companies, either through ads of bold products or radical cost cuts.

While the world awaits the next steps of this visionary entrepreneur, the situation remains uncertain. Maybe 44 billion dollars have vanished in an instant, but the story of Elon Musk is far from finishing. That this crisis is his downfall or his next triumph depends on how what he describes as “the incredible.” Time advances and the whole world observes it.