NEW YORK – Mr Elon Musk was the second person ever to amass a personal fortune of more than US$200 billion , breaching that threshold in January 2021, months after Amazon.com’s Jeff Bezos.
The Tesla chief executive has now achieved a first of his own: becoming the only person in history to erase US$200 billion from his net worth.Tesla shares tumbled in recent weeks,His fortune peaked at US$340 billion on Nov 4, 2021, and he remained the world’s richest person until he wasThe round-number milestone reflects just how high Mr Musk soared during the run-up in asset prices during the easy-money pandemic era.
Tesla exceeded a US$1 trillion market capitalisation for the first time in October 2021, joining the likes of ubiquitous technology companies Apple, Microsoft, Amazon.com and Google parent Alphabet, even though its electric vehicles represented only a sliver of the overall auto market. Now, Tesla’s dominance in electric cars, the foundation of its lofty valuation, is in jeopardy as competitors catch up. It is offering American consumers a rare US$7,500 discount to take delivery of its two highest-volume models before year-end, while also reportedly
Source: News Formal (newsformal.com)
Elon Musk losing 268 billion, he shld consider himself lucky, not many ppl can afford that, while millions ppl is starving n homeless. God is telling him to help the unfortunate, EM can wake up everyday without any worry about life n meals, do nothing n his next few generations.
straits_times A real genius
straits_times Ouch
Never offend the elites if you are a businessmen entering political circle. Trump and Elon have much in common
also the first to make that much
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