Musk's personal wealth halved by 1.2 trillion yuan compared with a year ago.
Beijing time on November 9 news, as investors have sold Tesla shares, its CEO Elon Musk (Elon Musk) personal wealth fell below $200 billion on Tuesday. For now, investors are worried that Musk, Tesla's CEO and largest shareholder, is focusing more and more on Twitter.
According to Forbes, Musk now has a net worth of $194.8 billion. Much of Musk's wealth comes from his nearly 15 percent stake in Tesla, which has a market capitalization of $622 billion.
Tesla's market value has evaporated by nearly half since Musk began seeking Twitter in April, and Musk's net worth has fallen by $70 billion. Musk's net worth is down 48% from its peak of $340 billion a year ago, according to the Bloomberg Billionaires Index.
Tesla is ramping up production and facing increasing competition, and investors fear Musk will be overwhelmed by too many companies. "Musk seems to spend 100 percent of his time tweeting, and you know, it probably needs more funding. Jay Hatfield of Infrastructure Capital Management said.
Musk remains the richest man in the world, though, with a net worth of about $40 billion higher than Louis Vuitton chairman Bernard Arnault, who is in second place.
