Elon Musk becomes the first person in history to lose $200 billion
This money lost by the tycoon is more related to the shares of Tesla than to those of SpaceX. Elon Musk’s car manufacturing company presents a cut in its profits of more than 50% and has lost approximately 65% of the value of its shares in 2022, following the CEO’s decision to sell numerous shares to finance the purchase of Twitter , for 44,000 million dollars. But Musk for his part is not worried and noted on his Twitter account that the company is “better than ever.”
The 51-year-old businessman's assets
fell from $340 billion in November Algeria Whatsapp Number List 2021 to $146 million. Thus losing the first place on the list of the richest to French businessman Bernard Arnault. Head of the LVMH group. owner of 70 luxury brands. A list that includes names such as Louis Vuitton. Moët & Chandon and Bulgari. After the news was announced. Various investors have criticized the businessman for neglecting Tesla’s business due to his commitment to Twitter and the controversial debates he has carried out since purchasing the microblogging platform. But another reason that has affected the businessman’s business is the high inflation that shakes all countries in the world.
Elon Musk faces Tesla's loss of value
In this way, Tesla’s dominant ASB Directory position in the electric car market is affected. A context that adds to the pressure from its competitors. For this reason. The company offered customers in the United States a discount of $7,500 on two of its highest-value models. So that they could purchase these vehicles before the end of the year. Musk has announced that he will relinquish control of Twitter. Although investors maintain their position of discontent with the businessman’s decisions. For now, Tesla shares seem to have stopped their fall.