Elon Musk loses $12.6 billion after chaos at SpaceX, Tesla, Twitter

San Francisco, Elon Musk saw his wealth plummet by more than $12 billion in just a day as he faced chaos and disappointing news from across his companies — SpaceX, Twitter and Tesla.

According to Bloomberg’s Billionaires Index, this was the biggest drop in Musk’s wealth so far this year.

Tesla’s share price fell by 9.8 per cent after disappointing first quarter results.