Musk became the first man in history to lose 200 billion dollars
American entrepreneur and billionaire Elon Musk became the first man in history to lose $200 billion, reports Bloomberg.
” The 51-year-old Musk’s fortune has dropped sharply to $137 billion after Tesla stock plummeted in recent weeks, including an 11 percent decline on Tuesday, according to the Bloomberg Billionaire Index. His fortune peaked at $340 billion on Nov. 4, 2021,” the agency reported.
U.S.-based Tesla Motors was founded in 2003 as a developer and manufacturer of electric cars and related technologies. The headquarters is located in Palo Alto, California. In addition to electric cars, the company manufactures batteries and electric motors using its own technology and sells to other automakers, particularly Toyota and Daimler.
In late October, Musk finally closed a $44 billion deal to acquire the social network Twitter. He promised to liberalize the social network’s editorial policy, which has been much criticized for harsh censorship, and to create a content moderation board, and until the board is up and running, not to make global decisions about editorial policy or the reinstatement of blocked accounts. Musk also warned that the social network “will be doing a lot of stupid things” in the near future. The company intends to “keep what works and change what doesn’t.”