Elon Musk is No Longer Part of the $200 Billion Club as Tesla’s Stock Continues to Slide, But He’s Still Comfortably the Richest Person In the World
Elon Musk’s wealth fell 5.4% to $193 billion on Tuesday as Tesla shares dropped 7%.
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Elon Musk is out of the $200 billion club after shares slid 7% on Tuesday.
Musk’s wealth dropped 5.4% to $193 billion as the electric carmaker’s share price fell, according to – which means he lost $11.1 billion in a single day.
Tesla is down 41% year-to-date, as the tech sector has sold off more broadly. It’s fallen just under 38% since .
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Musk has stirred controversy since the prospective takeover was announced by . The ongoing uncertainty appears to have dented Tesla’s value.
“This circus show has been a major overhang on Tesla’s stock,” Wedbush’s Dan Ives said in a note on Monday. “Musk is facing a fork-in-the-road situation in which he has to decide his next step in this soap opera, as Tesla investor patience is wearing very thin.”
Musk has already dropped out of the $200 billion club twice this year — and then again in March. Stock market rallies pushed him back over that threshold on both occasions.
Musk’s is now the lowest it’s been since last August, according to the . He’s lost just under $78 billion this year, but is still comfortably the world’s richest person.
Musk is $65 billion richer than Jeff Bezos, who has lost $65 billion this year, with down 38% year-to-date. Bill Gates, Warren Buffett, chairman Bernard Arnault and Indian industrialist Gautam Adani are also all worth over $100 billion.
Elon Musk is out of the $200 billion club after shares slid 7% on Tuesday.
Musk’s wealth dropped 5.4% to $193 billion as the electric carmaker’s share price fell, according to – which means he lost $11.1 billion in a single day.
Tesla is down 41% year-to-date, as the tech sector has sold off more broadly. It’s fallen just under 38% since .
