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Elon Musk: Loss of $ 30 billion in one stroke, know the reason

by Ritika kadiya
Elon Musk: Loss of $ 30 billion in one stroke, know the reason

Elon Musks Fortune Shrinks 30 Billion Dollar: Elon Musks , the world’s richest man and owner of Tesla and SpaceX, increased his fortune to $ 304 billion on the first day of the new year, a huge increase. However, Tesla’s stock has plummeted in value in the last three days, causing Musk’s fortune to plummet by $30 billion in one fell swoop.

271 billion dollars in wealth

Elon Musk had a fantastic start to the new year. Tesla’s stock soared on the first trading day of the year, putting Musk’s fortune back over $300 billion. This figure, however, quickly dropped. In other words, the world’s wealthiest person made and lost $ 30 billion in just a few days in the first week of January. Elon Musk, the CEO of the Texas-based Tesla Company, now owns an estimated $271.5 billion as a result of the recent decline.

Tesla’s stock dropped the most on Wednesday.

Tesla shares rose 13.5 percent on Monday, boosting Musk’s net worth, but the company’s stock continued to fall from Tuesday to Thursday. Meanwhile, the biggest drop occurred on Wednesday, when Elon Musk’s net worth plummeted by $ 14 billion in a single day. On Wednesday, Tesla’s stock dropped more than 5%. Despite this decline, the company’s market capitalization remains at $1.08 trillion. This is up 44 percent from a year ago.

On the first day of the year, I earned $1.41 billion per hour.

Musk’s fortune increased dramatically on the first trading day of the year, rising from $ 304 billion to $ 304 billion in a single day. Musk’s hourly wage was $1.41 billion. Musk’s net worth increased by $ 33.8 billion (roughly Rs 2,51,715 crore) in a single day as a result of this. It has now been reduced to $271.5 billion.