NEW YORK, USA – Tech tycoons Elon Musk and Mark Zuckerberg’s much-hyped cage fight will be live-streamed on social media platform ‘X’, formerly known as Twitter, Musk revealed in a post early Sunday, August 6, 2023.
The audacious proposition of a mixed martial arts cage match in Las Vegas between the two moguls has been ongoing since June, with both parties exchanging jesting jabs and half-serious challenges on their social media accounts.
“Zuck v Musk fight will be live-streamed on X. All proceeds will go to charity for veterans,” the SpaceX and Tesla CEO declared in a post on ‘X’, stopping short of providing further details.
Zuck v Musk fight will be live-streamed on 𝕏.
All proceeds will go to charity for veterans.
— Elon Musk (@elonmusk) August 6, 2023
Earlier that day, Musk had divulged that his preparation for the unprecedented match involves “lifting weights throughout the day,” as he juggles his tight work schedule and his fight training. When queried about the purpose of the fight on ‘X’, Musk characteristically responded, “It’s a civilized form of war. Men love war”.
Meta, Zuckerberg’s company, declined to comment on Musk’s post when approached by Reuters.
The saga commenced when Musk threw down the gauntlet in a June 20 post, stating he was “up for a cage match” with Zuckerberg, who reportedly has training in jiujitsu.
Zuckerberg, 39, whose victories in past matches have been documented on his company’s Instagram platform, promptly responded to Musk’s challenge with the words “send location”. Musk, 51, retorted with “Vegas Octagon”, alluding to the venue commonly associated with MMA championship bouts.
Musk has since indicated his commitment to training for the event should it come to fruition, marking a peculiar detour in the ongoing rivalry between two of the tech industry’s most influential figures.
A Bruising Drop: Elon Musk’s Fortune Tumbles $20.3 Billion as Tesla Cuts Prices
Tesla CEO Elon Musk’s wealth fell severely on Thursday, July 20, 2023, as his fortune plunged by $20.3 billion.
This came in response to Tesla Inc.’s announcement that it might have to persist in slashing the prices of its electric vehicles, causing the company’s shares to plummet.
This drop to $234.4 billion marks the seventh-largest decline in history among those listed in the Bloomberg Billionaires Index.
It also lessens the wealth gap between Musk and Bernard Arnault, the chairman of luxury goods maker LVMH, and the world’s second-wealthiest person.
Musk’s fortune remains approximately $33 billion larger than Arnault’s.
Based in Austin, Texas, Tesla shares plunged 9.7% to $262.90 in New York, the steepest decline since April 20.
This followed Tesla’s cautionary message of potential additional blows to its profitability, which has been declining for some time.
Months of persistent markdowns have negatively impacted the company’s automotive gross margin, which plummeted to a four-year low in the second quarter.
“If interest rates continue to rise, Tesla will have to keep lowering prices,” Musk warned on Wednesday.
Musk, 52, primarily accumulates his wealth from his substantial stakes in the electric vehicle manufacturer Tesla and his investments in Space Exploration Technologies and Twitter.
Despite the recent slump, Musk’s wealth had seen a considerable increase of approximately $118 billion this year through Wednesday, propelled by Tesla shares’ 136% ascent.
On the other hand, Arnault, 74, has experienced a net worth increase of $39 billion this year, bringing his fortune to $201.2 billion.
His Paris-based company, LVMH, shares have appreciated 26% in 2023.
