The recent sharp declines in Tesla shares seem to give Tesla and SpaceX CEO Elon Musk a headache. Losing the title of the richest person in the world a short time ago, Musk broke new ground in history. now too
The famous billionaire went down in history as the first person to lose his $200 billion fortune.
Elon Musk made history with a loss of $ 200 billion
To recall, in 2021, Musk became the second person to have a personal fortune of 200 billion, surpassing Amazon founder and former CEO Jeff Bezos. After that, the rise in Tesla’s market value enabled the famous billionaire to increase his fortune to 340 billion dollars. However, Musk’s rise saw a big setback with the Twitter purchase and losses in Tesla shares.
Losing the title of the world’s richest person to Bernard Arnault, the head of French luxury companies group LVMH, last December, Musk became the first person in history to lose 200 billion dollars with his current wealth of 137 billion dollars.
Today, many Tesla investors attribute this decline to Musk and his Twitter engagement. Because the famous billionaire has sold $ 40 billion worth of Tesla shares in the last 12 months, despite promising not to sell more. However, Musk attributes Tesla’s falling stock prices to the Fed. In a recent post, the CEO of Tesla and SpaceX said, “We don’t control the Fed. That’s the real problem here.” made the statement.
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