luck world’s richest man experiences record drop in 2022 as Tesla stock tumbles and witnesses Twitter on the brink of collapse. Elon Musk already lost $100,000 million this yearwhich was the biggest drop ever recorded in the Bloomberg Billionaires Index.
While SpaceX has made significant progress on its Starship rocket, which is trying to get humans back to the moon if NASA doesn’t get it sooner with its Artemis I program, Tesla going through turbulent times and its shares fell about 52%.
Shares of manufacturer Tesla fell 6.8%, to $167.87 at the close of trading on Monday. this is the lowest share price since November 2020. The company’s shares have lost more than half their value this year.
It doesn’t end there, and it does, you just have to look at how Twitter is doing, the fortune it cost Elon Musk to acquire, and the decisions that only confirm the collapse of the social network.
8.6 billion dollars in one day: so much Elon Musk “lost” on Monday
These big Tesla losses mean more than just a big downfall for the company. Elon Musk owns about 15% of Tesla shares. The company’s shares fell on Monday made Elon Musk lose about $8.6 billion in one day.
It’s all also fueled by episodes like the big economic downturn, which caused Musk to cut 10% of the automaker’s workforce over the summer, citing “bad feeling” about the economy.
Add to that the recent recall of over 300,000 vehicles due to faulty taillights and a strict coronavirus stance in China, Tesla’s main market outside the US.
On the other hand, it has laid off 60% of its employees since the acquisition of Twitter, and the latest round of layoffs occurred on Sunday (although no new layoffs are expected). Investors are concerned that the businessman may focus on his role as Tesla CEO after the Twitter acquisition.
His net worth, which stood at about $340 billion last November, fell to its lowest point on Tuesday, November 22. about $170,000 million. Of course, Elon Musk is still the richest man in the world, surpassing Bernard Arnault by $65 million. Let’s see if SpaceX He achieves his goal and overcomes this state in the face of 2023.
Source: Computer Hoy
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
