GENERICO.ruEconomicsMusk lost $16 billion in 24 hours after Tesla shares fell

Musk lost $16 billion in 24 hours after Tesla shares fell

MOSCOW, October 20 American entrepreneur Elon Musk, owner of Tesla and SpaceX, lost $16 billion of his fortune in one day after Tesla shares fell in price by 9% , according to data from the Bloomberg Billionaires Index (BBI).
In recent trading, shares of electric vehicle manufacturer Tesla fell by 9.3% to $220. This comes after the company reported that its net profit fell by almost 1.8 times in the last quarter.

Thanks to this, the fortune of the company owner decreased by 16 billion dollars, to 210 billion. However, even this 7% reduction in assets did not displace Musk from first place in the ranking of the richest people in the world.

In second place on this list is still the owner of the French luxury goods manufacturer LVMH (LVMH Moet Hennessy – Louis Vuitton), Bernard Arnault, and in third place is the founder and former head of the American online Amazon retailer Jeff Bezos.

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