Elon Musk Becomes First Person Ever to Lose $200 Billion

It’s been a rough road for Elon Musk. In January 2021, he became the second person to reach $200 billion, followed by Tesla, his signing company, to reach his $1 trillion market capitalization. Confirmed that the dollar was removed.

No need to set up GoFundMe. The owner of Twitter and CEO of Tesla probably won’t run out of money. Still, he’s riding the money campfire on his one, according to Bloomberg.

Tesla has been synonymous with electric vehicles for years. Tesla’s dominance in terms of branding and market share has waned, especially since Musk acquired his Twitter. Investor concerns have pushed the stock price down by $65 by 2022.

Bloomberg points out that Musk has sold most of his Tesla stake, so his most important asset has become his Space Exploration Technologies Corp. In addition to his 42.2% stake in SpaceX.

Elon Musk didn’t care too much, simply tweeting statements like “Tesla is doing better than ever!” when the EV company’s stock was trading at $150 a share on Dec. 16. did.

On January 3, 2023, Tesla shares, which he sold at $383.20 on January 4, 2022, fell to $108.10.