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Tesla, the world’s largest electric car maker, released its latest financial report on Thursday and said it is likely to continue lowering the price of its cars. In response to this incident, Tesla shares took a downward trend and $20.3 billion in wealth Elon Musk It was lost overnight.
With a drop of $20.3 billion, the value of Elon Musk’s assets now reaches $234.4 billion. Based on the data Bloomberg Billionaires IndexThe overnight drop in the value of Elon Musk’s assets is the seventh largest in its kind.
With the decline in the value of Elon Musk’s assets, the distance between him and Bernard Arno has decreased. Musk still has more assets than Arnaud. Arno, who is the chairman of the board of directors of the LVMH brand, has about 33 billion dollars less wealth than Musk; But so far, he has been placed several times higher than Musk and made himself the richest person in the world.
According to the report of the magazine fortuneTesla says that despite the increase in revenue, its gross profit margin has decreased; An incident that is the result of the price drop of Tesla cars. Tesla shares fell 9.7% to $262.90 after the financial report. This is the first time in the last three months that Tesla’s stock has fallen to such an extent.
Elon Musk, now 52 years old, derives most of his wealth from his shares in Tesla. He also has large stakes in SpaceX and Twitter.
Before the developments of the last two days, the value of Elon Musk’s assets had grown to 118 billion dollars in 2023, and in the same period of time, we saw a 136% increase in the value of Tesla shares.
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