Celebrity

Elon Musk loses $200 billion and makes history

By FactsWow Team

Posted on: 02 Jan, 2023

Elon Musk beats Jeff

CEO of Tesla lost a $200 billion fortune after earning the same two years back. According to Forbes magazine, Elon Musk surpassed Jeff Bezos by becoming the richest man.

Credits: The Japan Times

The decline in networth

Elon Musk's net worth has decreased to $137 billion due to a recent decline in Tesla's stock

Credits: Mathrubhumi English

The richest man on Earth

Musk's net worth rose to $340 billion in November 2021, making him the richest man on the planet.

Credits: WIRED

Tesla stock suffered

Tesla stock declined this year and equities were down by 65%.

Credits: Insider

Tesla cars reduction in price

Tesla reduced its price on Tesla models that, includes Model 3 and Model Y, with a discount of $7,500.

Credits: WIRED

Elon occupied with Twitter

Musk's takeover of Twitter in late October was the cause of Tesla's decrease in share prices and being occupied with the newly acquired social media platform.

Credits: BusinessLIVE

Musk to appoint new CEO

After asking Twitter users if he should stand down as the company's CEO, Musk has already stated that he will pick a new CEO for the social media network.

Credits: The Verge

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