Elon Musk becomes the biggest loser in history… Why?

These last few months have not been easy for us. Elon Musk. Despite still being one of the richest men in the world, the truth is that he has lost enough money to start worrying. On the other hand, things do not go as planned. Musk struggled hard to buy Twitter and is now paying the consequences. Apart from the $45,000 million he had to invest to buy the social network, a new report claims that Elon Musk is the first person in human history to lose $200,000 million in net worth.

A huge, billion-dollar loss in a few months.

Elon Musk became the second person in history to raise over $200,000 million, but now the tortilla has been reversed. first big billionaire jeff Bezosowner Amazon. Now Musk is enjoying an even more bittersweet success: he is the first person to lose $200 billion in net worth. Losses directly affect teslaIt was one of his most successful ventures.

The drop in Tesla shares, including the latest 11% drop, caused Elon Musk’s fortune to drop to $137 billion. Considering that on November 4, 2021, his fortune reached $340,000 million, this is a huge drop. He was still the richest man in the world… until December. No longer the richest man in the world, Elon Musk, but the French bernard arnault.

The market led by Tesla has become very competitive

Tesla’s fall is truly remarkable. The company signed a milestone by joining the trillion-dollar group of companies in 2021. The list includes brands such as: view, MicrosoftAmazon and alphabet. This was an incredible record for a brand with only a small share of the automobile market. But last year, Tesla saw a 69% drop, while Elon Musk continued his efforts. twitter.

Tesla sees its competitors catching up in the electric field. Recently, renault stood up Tesla Semi. Similarly, other automakers have very ambitious plans for their electrified product line. To retain its customers, Tesla is offering a $7,500 discount to speed up deliveries of its two best-selling models.

The company is also reducing production at its factory Shanghai. It is not yet clear whether Elon Musk will take a different stance to reinstate Tesla or continue the feud with Twitter users without real need and change the social network at will. Recent rumors even point to his retirement as CEO of Tesla.