Elon Musk loses $1 billion in two minutes as Tesla shares fall 11%

Tesla CEO Elon Musk saw $1.1 billion wiped from his net worth in the first two minutes of trading on Thursday as the carmaker's shares sank as much as 11%. The fall cut his net worth to $22.3 billion, according to Bloomberg. Tesla reported deliveries of 63,000 vehicles in the March quarter, down from 90,966 in the previous three months.