This man is no longer the one with the most money in the world due to the shocking drop in Tesla shares

Strange photo Elon Musk on Twitter
Image courtesy of La Patilla – Strange photo Elon Musk on Twitter

2022 is not closing in the best way for Elon Musk, who is no longer the richest man in the world, in part, because of Tesla’s actions.

According to Forbes, The manufacturer’s shares fell on Monday, sending Musk down to $181.3 billion in fortune. the fall was of $7.4 billion going down a step

Now, the vanguard place is for Bernard Arnault, co-founder and CEO of LVMH Moët Hennessy – Louis Vuitton SE. According to the aforementioned source, his fortune is $186.2 billion and what is equal to $4.9 billion ahead of Musk.

Musk’s first-half fall comes after a long time. Tesla’s stock price has fallen more than 50% in 2022 and is $160.44 per share in this instant. Far away from the $420 when It reached its peak.

Read More: What Elon Musk is doing that is bothering Tesla investors and they are criticizing him

The bottom of Tesla stock has fallen almost a 29% since the purchase of Twitter, a situation that worries investors. They consider that the social network could be a distraction for Musk. In fact, some pronunciations of the billionaire have caused discomfort in some customers.

Writing New Electric Autos Source: carscoops

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