Tesla stock wiped $13.5 billion

Business
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After briefly topping Forbes’ list of the richest people, Elon Musk fell back to second place, behind Amazon CEO Jeff Bezos. Tumbling shares of Tesla, his electric-vehicle company, on Monday chopped $13.5 billion off his fortune.

Musk on Thursday became the world’s richest person; his fortune grew by more than $150 billion in a year.

But Tesla shares fell by nearly 8% on Monday, their largest one-day fall since late September. Based on Forbes’ estimates, this pushed his total wealth down to $176.2 billion, compared with Bezos’ $182.1 billion fortune.

Despite Musk’s wealth loss, his net worth is still $20 billion above Bernard Arnault, the CEO of the French luxury-goods conglomerate LVMH and the world’s third-richest person, according to Forbes’ estimates.

https://www.businessinsider.com/elon-musk-net-worth-jeff-bezos-rich-list-worlds-richest-2021-1?fbclid=IwAR3C0PhZbjXAeimohcN6m4GGC1kZBLbMtzHcmQiZBO1_u6yFfZRtPtl3jrs

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Bill Gates atapanda hii list like lightening… he has patents to vaccines

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Elon Musk is a fraud

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Ill-gotten wealth

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explain

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Fugua masho ujionee falai

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Chuki itakuua ghasia hii. 150billion USD means he can clear Kenyan debt of 10 trillion na abaki na 5 trillion za kutesa.

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I think that he is no fraud just that his companies are overvalued.

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Go back to your villages…Stock up and down volatility is a normal economic occurrence.
Quit displaying your rudimentary ignorance. :stuck_out_tongue:

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Highly overvalued but SpaceX will rake a lot of billions from government/Nasa contracts and star-link
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so hujui…

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Lightening vs lightning

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It was just a matter of time for value correction to kick in.

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kuna mchezo hapo…

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His is mostly stocks/shares/ paper money. While for others is mostly physical assets.
So ideally he cannot clear Kenya pubic debt