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Musk lost $ 50 billion in two days because of Tesla-World shares


© Reuters


Shares of Tesla collapsed by more than $ 200 and Elon Musk’s fortune fell by $ 50 billion in two days, Bloomberg reported.

This is the sharpest collapse in the Bloomberg billionaires’ index and – if not the loss of 36 billion by Jeff Bezos in his divorce in 2019 – the biggest loss of wealth in 24 hours.

For the billionaire, the turnaround began over the weekend, when Musk asked his Twitter followers whether to sell 10% of his stake in Tesla. There, consumers said yes, and information later emerged that his brother Kimball had sold shares earlier. American publications quoted an investor who believes Musk may be selling because of his debts.

Musk remains the richest man in the world, but his lead over Bezos has shrunk to $ 83 billion. In January, Musk overtook Bezos, later the difference exceed 100 billion, and until recently the distance between the two was 143 billion – more than all the wealth of Bill Gates.

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