Elon Musk lost $ 50 billion in two days after Tesla shares plunged 16%

Tesla CEO Elon Musk.

Tesla CEO Elon Musk. SXSW Chris Southwest / Getty Images

  • According to the Bloomberg Billionaires Index, Tesla CEO Elon Musk is currently worth $ 323 billion.

  • Musk’s $ 50 billion loss was due to a 16% drop in Tesla’s share price this week.

  • He is still the wealthiest man on the planet, leading Jeff Bezos, the second wealthiest man, by $ 122 billion.

Only on Wednesday, Tesla CEO Elon Musk has already lost $ 50 billion this week after Tesla’s stock plunged 16% in two days.

The massive losses are behind a series of headlines, such as a tweet from Mask himself and another tweet from a well-known shortseller.

according to Bloomberg Billionaires Index, Musk is now worth $ 323 billion after the loss. According to Bloomberg, the $ 50 billion loss represents the largest two-day decline in index history.

Tesla’s share price this week Musk asked his Twitter follower On weekends if he should sell 10% of the shares he holds to pay taxes. result Certainly it was-cause Tesla stock price It will drop by as much as 7% on Monday.

Tesla stock price There was additional pressure on Tuesday after the famous short-selling Michael Burry was deleted in a tweet suggesting that Musk might want to sell his stock to cover his personal debt- It fell by up to 12%-.The stock price is also by Kimbal Mask, the cousin of Mask and the director of the EV company. Sold over $ 100 million Of last week’s Tesla stock.

Despite this week’s sharp fall, Tesla’s share price is still up 40%, and Musk remains the wealthiest and second wealthiest person on the planet, according to the Bloomberg Millionaires Index. It’s $ 122 billion more than one Jeff Bezos.

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