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Musk's worth falls below $200 billion

2022/11/09 03:37

Tesla CEO Elon Musk's net worth fell below $200 billion as investors dumped Tesla shares amid concerns that he is more focused on Twitter. Musk's current net worth is $194.8 billion, according to Forbes, a big chunk of which comes from his nearly 15 percent stake in Tesla.
Since he made a bid to buy Twitter in April, Tesla's market value has evaporated by nearly half, and his net worth has dropped by $70 billion.
Investors initially fled Tesla because of concerns about Musk selling shares, but now Wall Street is worried that Musk has too much work to do. Jay Hatfield, chief investment officer at Infrastructure Capital Management, said that Musk seems to be spending 100% of his time on Twitter, and the company may need more funding.
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