Tech

Elon Musk Loses $ 27 Billion This Week

Elon Musk, the CEO of the electric car manufacturer Tesla, lost $ 27 billion this week as the company’s shares lost value. Musk reached a net fortune of $ 210 billion in January, outpacing Amazon CEO Jeff Bezos.

CEO of US-based electric car manufacturer Tesla Elon MuskHe broke a record by doubling his fortune very quickly in 2020, which was under the influence of the pandemic. With the unstoppable rise of Tesla stocks in the past weeks Amazon CEO Jeff Bezos gives passing through Musk, who took the title of the richest person in the world, is now experiencing a very rapid decline.

South African billionaire, Tesla Inc. since Monday, with its shares declining during the week. 27 billion dollars lost. $ 156.9 billion by net worth, Musk is currently listed on the Bloomberg Billionaires Index. second during but currently, in recent weeks, he was stripped of the title of the world’s richest person Amazon CEO’su Bezos’un It is behind 20 billion dollars.

Elon Musk’s fortune reached 210 billion dollars in January:

Elon Musk

Tesla shares increased by more than 743 percent in 2020, adding wealth to Elon Musk’s fortune. Company’s largest shareholder MuskWhile he became the richest person in the world by passing Bezos in January, his fortune was With 210 billion dollars He had reached the top.

Tesla shares at the end of January $ 901 with the highest level of all time. This week $ 720 Shares of the company opened from the level, currently $ 597 trading level.

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Tesla is not the only electric car manufacturer to decline after months of rise. Chinese venture company Nio, XPeng and Li Auto Similarly, its competitors lost value by about 40 percent from the highest level in February.

Source :
https://www.businessinsider.com/elon-musk-loses-27-billion-electric-vehicle-stocks-tesla-selloff-2021-3