Elon Musk's net worth slips below US$200 billion as Tesla shares waver

Elon Musk's net worth dropped below US$200 billion on Tuesday as investors dumped Tesla Inc shares on fears the top executive and largest shareholder of the world's most valuable electric-vehicle maker is more preoccupied with Twitter.

The company has lost nearly half its market value and his net worth has dropped by US$70 billion since he bid for Twitter in April. Now Wall Street fears that Musk has stretched himself too thin at a time when the EV maker is ramping up production and faces rising competition. Since buying Twitter, Musk has made very few tweets on Tesla, a practice that helped him gain traction on the platform. He has instead used Twitter to announce plans for the social media company such as the $8 per month subscription for blue tick verification.

poor boy.

still richer than all.

Poor thingy 🥹

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Elon Musk's net worth slips below $200 billion as Tesla shares waverElon Musk's net worth dropped below $200 billion on Tuesday as investors dumped Tesla Inc shares on fears the top executive and largest shareholder of the world's most valuable electric-vehicle maker is more preoccupied with Twitter.Musk now has a net worth of $194.8 billion, according to Forbes, with a b What a poor boy. Where is his GoFundMe Campaign? We got to help this poor poor man.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »