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Musk’s net worth falls below $200 billion: Investors selling Tesla shares after Twitter acquisition, stock fell 52% this year

Musk’s net worth falls below $200 billion: Investors selling Tesla shares after Twitter acquisition, stock fell 52% this year

Musk’s net worth drops below $200 billion:
Investors began selling Tesla shares after Twitter’s acquisition,

shares have fallen 52% this year, reducing Musk’s net worth. Investors think Elon Musk is too busy on Twitter right now to pay attention to Tesla.

Musk’s Net Worth Rs 16 lakh crore(Investors selling Tesla shares)
According to Forbes, Musk’s net worth is currently US$197.4 billion (about US$4 billion worth of his Tesla shares have been sold to complete his Twitter deal. Tesla shares fell $5.78, or 2.93%, to close at $191.30 on Tuesday. Over the past six months, the stock has fallen by $71.07, or 27.09%. This year’s rate of decline is almost 52%.

Investors selling Tesla shares
Investors selling Tesla shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Twitter buys
for his $44 billion Elon Musk announced on April 4 that he owns his 9.2% stake in Twitter and has become the company’s largest shareholder . Then, on October 27, he acquired Twitter for $44 billion. Since that acquisition, he’s made big changes to Twitter. Elon Musk is also the owner of the rocket company SpaceX. He is also the owner of such companies as Hyperloop and his maker of tunnels, The Boring Company.

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Naveen Kumar

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