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Elon Musk’s $20.3 Billion Loss: Tesla’s Downfall on American Stock Exchange

American businessman and billionaire Elon Musk incurred huge billion losses, as the electric car company “Tesla” fell on the American Stock Exchange.

And specialized American media said that Tesla’s shares fell by 9.7%, after Musk, the richest man in the world, said that the company might continue to reduce the prices of its electric cars, which means incurring losses estimated at $ 20.3 billion in one day.

Musk’s wealth fell by about $20.3 billion to $234.4 billion, and this decline is the seventh largest decline in Musk’s wealth in history. According to agency databloomberg“.

Elon Musk had broken the world record for the largest loss of personal wealth in history, according to the Guinness Book of Records. When it lost in January last year, it fell by about $165 billion from November 2021 to December 2022.

2023-07-21 15:33:40
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