A.111
2022-12-14

Elon Musk has lost his spot as the world's richest human, but $Tesla(TSLA.US)$ shareholders are the ones who are suffering.


On Monday, Musk dropped from first to second place on the list of the world's richest humans. He fell behind LVMH Moët Hennessy Louis Vuitton (MC. France) CEO Bernard Arnault as shares of Tesla continued to drop in response to concern that Musk's tweets and efforts to overhaul Twitter are damaging the electric-vehicle company's brand.


That means arresting the slide means changing Musk's behavior on his social media platform.


Tesla (TSLA) stock dropped 6.3% to start the week, finishing Monday's trading session at $167.82. The drop cut roughly $8 billion off Musk's wealth, according to Barron's calculations, putting his net worth at about $$180 billion.

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Comments

  • amazinggrace
    2022-12-14
    amazinggrace
    Hopefully tesla can shake off Elon and he sells all his shares. I think Tesla will finally be able to move forward then
  • Kim Jeong 金熔
    2022-12-14
    Kim Jeong 金熔
    cash is king...
  • Orange Peel
    2022-12-14
    Orange Peel
    Rich man game....
  • MichT
    2022-12-14
    MichT
    Irs never wnd comparison
  • koolgal
    2022-12-15
    koolgal
    Yes Tesla shareholders are certainly worse off after Musk's Twitter acquisition
  • Quantum Leap
    2022-12-14
    Quantum Leap
    Yup competition catchin up. We all still love our porsche , merz and bmw on the roads. Prestige
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