Stephen Colbert once more ensnared himself a bit with embattled Twitter CEO Elon Musk on Wednesday, teasing the world’s richest man for shedding a reported $170 billion within the 2022 calendar 12 months.
Strolling by way of the day’s headlines in his “Late Present” section, In the meantime, Colbert acquired to Musk, saying, “After a collection of very public setbacks, Elon Musk’s 2022 wealth loss exceeds $100 billion.”
The reside studio viewers erupted into applause earlier than Colbert provided him some consolation and recommendation.
“Hear, Elon: I do know belt tightening isn’t any enjoyable, however you’re not alone in these robust financial occasions! OK? All of us are having to chop again on what number of we shoot into area.”
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Musk remains the richest man in the world with a internet value of $169.8 billion, according to Bloomberg and its Billionaires Index. However the CEO, age 51, has misplaced a reported $169.8 billion up to now calendar 12 months after taking a $8.6 billion hit Monday. For 2022, he’s down $100.5 billion after reaching a personal-best $340 billion just a little greater than a 12 months in the past, Bloomberg reported.
Twitter isn’t the one firm of Musk’s giving him strife.
Shares of Musk’s Tesla, which make up most of his wealth, are buying and selling at their lowest degree since November 2020, because of a string of challenges for the electric-car maker. These embody supply-chain issues and excessive materials prices, COVID-related points in China, and a taillight recall that affected greater than 300,000 automobiles. Consequently, Tesla shares have plummeted 57.52% up to now 12 months. After dropping 6.8% in New York buying and selling Monday, TSLA rebounded barely Tuesday to shut up 1.22% at 169.91.
Colbert additionally mocked Musk earlier this week for Twitter’s nosedive of advertisers, joking that Musk’s SpaceX, fortunately, continues to be sticking to their “large promoting marketing campaign on Twitter.”
“Sure, Elon’s SpaceX is gonna save Elon’s Twitter. And Elon’s photo voltaic panel firm is gonna save Elon’s Tesla,” Colbert stated, earlier than breaking out right into a “Lion King”-inspired riff on the music “Circle of Life,” aptly quoted right here as, “It’s the circle of jerk!”
Jeremy Bailey contributed to this story.
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