Elon Musk's Net Worth Drops Half A Billion In Latest Tesla Reports

Pradeep Nepal

Elon Musk, the CEO of Tesla, has lost more than $500 million worth of his shares value, shrinking his total to $13.4 billion, after the latest financial results of the electric car makers were released.

On 22 February, the electric car giant, Tesla, unveiled its fourth-quarter and full-year financial report, which, in fact, was better than anticipated, as reported by Forbes. The report showed both earnings and revenue estimation above the expected level. However, investors were not content, causing the company shares to fall by more than six percent.

On Monday, Musk announced that the space tourists had put a significant deposit for the unprecedented voyage, and the visitors will soon go through fitness testing. They will begin training later in 2017 as the space exploration dream of general public is becoming reality in near future.

SpaceX confirmed the news in their official website.

"We are excited to announce that SpaceX has been approached to fly two private citizens on a trip around the moon late next year.

"Like the Apollo astronauts before them, these individuals will travel into space carrying the hopes and dreams of all humankind, driven by the universal human spirit of exploration.

"Additional information will be released about the flight teams, contingent upon their approval and confirmation of the health and fitness test results."

"Like the Apollo astronauts before them, these individuals will travel into space carrying the hopes and dreams of all humankind, driven by the universal human spirit of exploration.

"Additional information will be released about the flight teams, contingent upon their approval and confirmation of the health and fitness test results."

The blog continued as follows.

"Designed from the beginning to carry humans, the Dragon spacecraft (the spaceship which will be used for the trip) already has a long flight heritage.

"These missions will build upon that heritage, extending it to deep space mission operations, an important milestone as we work towards our ultimate goal of transporting humans to Mars."

"These missions will build upon that heritage, extending it to deep space mission operations, an important milestone as we work towards our ultimate goal of transporting humans to Mars."

The billionaire inventor also added that there is some level of risk involved in the mission, and the explorers know about this notion.

"They're certainly not naive, and we'll do everything we can to minimize that risk, but it's not zero."

This will be the first time the U.S. will send astronauts to the Moon since the early 70s. The venture will see the spacecraft travel 480,000 to 640,000 km from the Earth, past the moon and return to the Earth.

SpaceX will join a growing list of companies sending commercial passengers to space if it manages to do so next year. And if the company manages this feat, SpaceX's shares value may increase, which can make Elon Musk's net worth cross $15 billion in 2018.

[Featured Image by Pascal Le Segretain/Getty Images]

ALL CONTENT © 2008 - 2021 THE INQUISITR.