The publication reports how the leading manufacturer of electric vehicles is experiencing the end of 2022.
Bloomberg reported that billionaire Elon Musk became the first person in history to lose $200 billion.
The reason for such a drop in the American’s fortune, the publication calls a sharp decline in the value of shares of the Tesla car manufacturing company. So, Musk lost $85 billion of the company’s capitalization in a week.
It is known that the maximum of Elon Musk’s fortune was $ 340 billion, it peaked on November 21 last year. Now it is $137 billion.
According to the calculations of the agency’s analysts, in the last days of December, Tesla lost $ 85 billion in price, and the level of the company’s market capitalization dropped to $ 390 billion.
During 2022, the firm’s price has tripled, from $1.2 trillion in January. Analysts attribute this to the intention to sell part of the company’s shares to Musk, who did it for the purchase of the social network Twitter.
The second factor was anxiety and doubts about the future of electric vehicles on the part of investors who felt that Musk was not paying enough attention to the business, although competition was growing.
Recall that the sale of shares, including 22 million, was carried out by Musk in mid-December. The price ranged from $156 to $176 apiece, and the total revenue was $3.6 billion.
In addition, on December 22, Tesla shares fell to $129 when the company offered discounts of $7,500 on Model 3 and Model Y electric cars. Musk eventually said that he would not sell shares for two years until the recession period ends in 2023, according to RBC,
Elon Musk took second place with a fortune of $146 billion, losing the leading position to the head of LVMH Bernard Arnault and his family ($179 billion) according to Forbes.
Earlier, Topnews wrote that Elon Musk summed up the results of the survey on leaving the post of head of Twitter.