Tesla Share Price Plunges 9% After Disappointing Earnings, Cutting $24 Billion From Elon Musk's Net Worth

Tesla share price fell 9% on Thursday after poor Q3 earnings report, cutting Elon Musk's net worth by about $24 billion.

Tesla missed revenue and earnings expectations, bringing in $19.6B in revenue and 66 cents EPS.

On earnings call, Musk expressed pessimism about economy, need for Tesla to lower prices and temper Cybertruck expectations.

Despite drop, Musk still world's richest person with estimated $232.2B net worth.

Analysts say Musk's negative commentary on call more concerning than earnings miss itself.