Elon Musk’s facing extent of loss as Tesla shares slump to 200 USD

Tesla CEO Elon Musk saw his net worth fall below the $200 billion mark. 


Forbes was the first to report that the shares of Tesla hit a 52-week low in early morning trading, and Musk’s assets dropped to roughly $195.6 billion.


So far this year, data showed that Tesla shares have declined over 50%


However, Musk remains the world’s richest person. According to some financial experts, his recent acquisition of Twitter has impacted Tesla’s stock to suffer.


Musk’s net worth has now dropped by over $74 billion.


Analyst Garrett Nelson, CFRA Research told Forbes, “There are growing concerns that Twitter is turning into more of a distraction for Musk than most anticipated before the deal closing.”


He’s $60 billion richer than LVMH chief Bernard Arnault and $71 billion richer than Amazon founder Jeff Bezos. 


Meanwhile, Elon Musk sold nearly $4 billion worth of shares in the electric car company, SEC filings showed Tuesday, more than a week after he closed his $44 billion acquisition of Twitter.


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