Everyone needs to ‘save on how many cars we launch into space’ (Video)

Stephen Colbert took a little jab at embattled Twitter CEO Elon Musk again on Wednesday, teasing the world’s richest man for a reported $170 billion loss in calendar year 2022.

Colbert, meanwhile, reached out to Musk while running through the day’s headlines on his “Late Show” segment, saying, “After a series of very public setbacks, Elon Musk’s net worth has topped $100 billion in 2022.”

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

“Listen, Elon: I know belt-tightening is no fun, but you’re not alone in these tough economic times!” OK? We all need to limit the number of rockets 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 lost a reported $169.8 billion in the past calendar year after reaching $8.6 billion on Monday. It is down $100.5 billion for 2022 after reaching a personal high of $340 billion a little more than a year ago, Bloomberg reported.

Twitter isn’t the only company that has caused him controversy.

Shares in Musk’s Tesla, which make up the bulk of his fortune, 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 shares have fallen 57.52% over the past year. After trading down 6.8% in New York on Monday, TSLA rebounded slightly on Tuesday to close up 1.22% at 169.91.

Colbert also mocked Musk earlier this week for Twitter grabbing advertisers, joking that Musk’s SpaceX is thankfully still sticking with its “big Twitter ad campaign.”

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

Jeremy Bailey contributed to this story.

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