Everyone needs to ‘cut back on how many cars we shoot into space’ (video)

Stephen Colbert once again caught up a bit with embattled Twitter CEO Elon Musk on Wednesday, teasing the world’s richest man for losing a reported $170 billion in the 2022 calendar year.

Going through the day’s headlines on his “Late Show” segment, Colbert, meanwhile, joined Musk, saying, “After a series of very public setbacks, Elon Musk’s 2022 wealth loss tops $100 billion.”

The live studio audience erupted into applause before Colbert offered him some comfort and advice.

“Listen, Elon: I know it’s not fun to tighten your seat belt, but you’re not alone in these tough economic times! OKAY? We all need to cut back on how many we launch into space.”

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Musk remains the richest man in the world with a net worth of $169.8 billion, according to Bloomberg and its Billionaires Index. But the 51-year-old CEO has lost a reported $169.8 billion in the past calendar year after hitting $8.6 billion on Monday. For 2022, he is down $100.5 billion after reaching a personal high of $340 billion a little more than a year ago, Bloomberg reported.

Twitter is not the only company of Musk’s to give him strife.

Shares in Musk’s Tesla, which make up most of his wealth, are trading at their lowest level since November 2020, thanks to a series of challenges for the electric car maker. These include supply chain issues and high material costs, COVID-related issues in China and a taillight recall that affected more than 300,000 cars. As a result, Tesla stock has plummeted 57.52% in the past year. After falling 6.8% in New York trading Monday, TSLA rose slightly Tuesday to close up 1.22% at 169.91.

Colbert also mocked Musk earlier this week for Twitter’s divestment of advertisers, joking that luckily Musk’s SpaceX is still sticking with their “big ad campaign on Twitter.”

“Yes, Elon’s SpaceX is going to save Elon’s Twitter. And Elon’s solar panel company is going to save Elon’s Tesla,” Colbert said, before breaking into a “Lion King”-inspired riff on the song “Circle of Life,” aptly quoted here as: ” It’s the circle of jerks!”

Jeremy Bailey contributed to this story.

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