Elon Musk could once again become the world’s richest person. But Musk’s reputation as a genius took some serious damage in 2022 — almost as much damage as his personal wealth.
Evidence of car buyers’ sinking interest in Teslas became apparent last month after the company announced a rare sale in a bid to clear out inventory. Tesla offered two rebates for buyers taking delivery of a vehicle before the end of the year, initially offering a $3,750 discount then doubling the rebate to $7,500 with two weeks left in 2022.Critics have long questioned whether Tesla was ever worth the trillion-dollar valuation it had at the start of 2022.
Musk’s $44 billion purchase of Twitter hasn’t helped Tesla’s stock or Musk’s personal wealth, either. Musk, Tesla’s largest shareholder, has sold $23 billion worth of Tesla shares since his interest in Twitter became public in April.
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