Over $100 billion. Here is the colossal sum that Elon Musk has lost this year, according to calculations by Bloomberg relayed by Phonandroid. The businessman’s finances have suffered greatly from the sudden drop in Tesla shares on the stock market, which lost 6.8% of their value last Monday. That is a loss of 8.6 billion euros in a single day. A depreciation which is added to all those already suffered during the year.
However, even with 100 billion dollars less in his bank account, Elon Musk remains the richest man on the planet. His fortune is currently estimated at 169.8 billion dollars, or 163.12 billion euros. And this despite a very delicate situation for the boss of Tesla, Space X, and more recently Twitter.
Indeed, the car manufacturer has been in great difficulty for a few months, in particular due to China’s strict policy regarding the management of Covid-19. This situation leads to production blockages and deprives the brand of its second largest market after the United States. Recently, 300,000 cars also had to be recalled due to dangerous bugs. As a result, Tesla’s stock has fallen 52% this year and hit its lowest level since November 2020. And Elon Musk’s chaotic takeover of Twitter has something to do with it. Some investors are worried and believe that the billionaire spreads too thinly.