Elon Musk loses record-breaking $200 Billion in web price as per report

Elon Musk 1st individual in world to lose $200 bn in web price.

Picture : IANS

When you have misplaced cash in shares lately, learn this. Tesla and Twitter CEO Elon Musk has turn into the primary individual ever to lose $200 billion from his web price, and remains to be making jokes on the micro-blogging platform.
Based on a Bloomberg report, Musk has now seen his wealth drop to $137 billion following a current drop in Tesla shares.

The shares of his electrical automotive firm are down almost 65 per cent.

In January 2021, Musk grew to become the richest individual on this planet for the primary time, with a web price of greater than $185 billion.

Musk noticed his fortune peak in November 2021, hitting $340 billion, earlier than an enormous drop.

Final month, he was changed by Bernard Arnault, the chief govt of luxurious model Louis Vuitton’s dad or mum firm LVMH, because the world’s richest man.

The Tesla CEO’s wealth eroded additional after he purchased Twitter for a whopping $44 billion.

On Monday, when a follower tweeted that “you labored laborious this yr and misplaced over 200 billion and this yr, you’ll surpass your self with even worse choices,” Musk replied: “Thanks for paying me $8”.

One other follower posted: “For those who’re having a foul yr since you misplaced some huge cash available in the market, do not forget that Elon Musk has misplaced $200 billion and remains to be making jokes on Twitter.”

Musk had admitted to having an excessive amount of on his plate, and is discovering a brand new Twitter CEO.

In the meantime, Tesla additionally introduced a worth drop in a number of of its fashions, providing a $7,500 low cost for its Mannequin 3 and Mannequin Y autos, in a bid to promote extra autos.

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