Elon Musk's drop in fortunes could break record
Elon Musk has broken the world record for the largest loss of personal fortune in history.said in a blog on its websiteThe figures are based on data from publisher Forbes, but Guinness said other sources suggested Mr Musk's losses could have been higher.
His $44bn takeover of the social media company has sparked concerns among investors that Mr Musk is no longer giving Tesla enough attention. The estimated loss is based on the value of his shares, which could regain their value, meaning Mr Musk's wealth would increase again.In December, the Tesla boss lost his position as richest person in the world to Bernard Arnault, the chief executive of French luxury goods company LVMH, which owns fashion label Louis Vuitton.
Many Tesla investors believe he should be focusing on the electric vehicle company as it faces falling demand amid recession fears, rising competition and Covid-linked production challenges.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese Tesla owners protest another round of price cutsModels 3 and Y are up to 24% cheaper than last year, and buyers said to want compensation
Read more »
Tesla Owners In China Protest Swift Price Cuts | OilPrice.comTesla owners in China are apparently not pleased with the company's new policy of cutting prices on what now seems like a weekly basis
Read more »
Watch shocking moment Self-driving Tesla stops abruptly on road leading to eight car pile-upShocking video footage has shown a Tesla Model S vehicle changing lanes and suddenly braking on the San Francisco Bay Bridge, causing an eight-car pile up and injuring a two-year-old child.
Read more »
Rugby legend Tim Visser talks openly about his hair transplantScotland rugby legend Tim Visser did it. As did Elon Musk, David Beckham, Wayne Rooney and David Silva.
Read more »