Tesla stock wiped $13.5 billion

[Mangele]

After briefly topping Forbes' list of the richest people, Elon Musk fell back to second place, behind Amazon CEO Jeff Bezos. Tumbling shares of Tesla, his electric-vehicle company, on Monday chopped $13.5 billion off his fortune.

Musk on Thursday became the world's richest person; his fortune grew by more than $150 billion in a year.

But Tesla shares fell by nearly 8% on Monday, their largest one-day fall since late September. Based on Forbes' estimates, this pushed his total wealth down to $176.2 billion, compared with Bezos' $182.1 billion fortune.

Despite Musk's wealth loss, his net worth is still $20 billion above Bernard Arnault, the CEO of the French luxury-goods conglomerate LVMH and the world's third-richest person, according to Forbes' estimates.

https://www.businessinsider.com/elo...mohcN6m4GGC1kZBLbMtzHcmQiZBO1_u6yFfZRtPtl3jrs

 

[Lordsavegery]

Bill Gates atapanda hii list like lightening.. he has patents to vaccines

 

[sani]

Elon Musk is a fraud

 

[Jaweed]

Ill-gotten wealth

 

[Lordsavegery]

Ill-gotten wealth

explain

 

[Jaweed]

explain

Fugua masho ujionee falai

 

[Wanaruona]

Fugua masho ujionee falai

Chuki itakuua ghasia hii. 150billion USD means he can clear Kenyan debt of 10 trillion na abaki na 5 trillion za kutesa.

 

[BaldCoomer]

Elon Musk is a fraud

I think that he is no fraud just that his companies are overvalued.

 

[Mangele]

Go back to your villages...Stock up and down volatility is a normal economic occurrence.
Quit displaying your rudimentary ignorance.

Elon Musk is a fraud

Ill-gotten wealth

 

[mbwakali]

I think that he is no fraud just that his companies are overvalued.

Highly overvalued but SpaceX will rake a lot of billions from government/Nasa contracts and star-link

 

[Lordsavegery]

Fugua masho ujionee falai

so hujui...

 

[Trojanex]

Lightening vs lightning

 

[JM. Pombe]

It was just a matter of time for value correction to kick in.

 

[slevyn]

kuna mchezo hapo....

 

[Fala 12]

Chuki itakuua ghasia hii. 150billion USD means he can clear Kenyan debt of 10 trillion na abaki na 5 trillion za kutesa.

His is mostly stocks/shares/ paper money. While for others is mostly physical assets.
So ideally he cannot clear Kenya pubic debt