Because of this tweet, Elon Musk’s wealth lost Rp178 T overnight

Jakarta, CNBC Indonesia –Gara-gara tweethis, Elon Musk must lose his fortune. Its value is not kidding, reaching Rp. 178 trillion.

It all happened last Wednesday, when he tweeted about his political shift from Democrats to Republicans. In addition, Elon Musk also talked about the Environment Social Government or ESG and replied to several users.

The Tesla boss is known to be a vocal critic of the Joe Biden administration as well as Democrats over proposals to tax billionaires and provide more tax incentives for union-made electric vehicles.

For information, Elon Musk’s company, Tesla does not have a union for its factories in the United States (US). Shortly after, Tesla shares slumped to 6.9% last Wednesday. Elon Musk’s wealth also evaporated US $ 12.3 billion, Friday (20/5/2022).

Live Mint said Elon Musk had lost $49 billion since launching his bid to buy Twitter last month. Partly because the broader market is falling and some Tesla investors are increasingly concerned about how he will fund his bid for Twitter.

Regarding ESG, Elon Musk called it a scam. The criticism comes after Tesla was no longer on the S&P Global index which tracks environmental, social and governance standards.

In addition, Elon Musk also predicts political attacks on him will “increase dramatically in the coming months”.

In a separate post, Elon Musk wrote that he had supported the Democratic party in the past. He reasoned because of the benevolence party, but eventually changed his mind.

“They have become a party of division and hatred, so I can no longer support them and will vote Republican,” Musk said.

[Gambas:Video CNBC]