Elon Musk’s assets falls 121 billion USD as Tesla shares Sag: Report

Elon Musk’s assets have overthrew $ 121 billion since December after the Tesla share experienced one of the worst days this year. Forbes reported.

The Tesla CEO on Thursday lost 8.8 billion US dollars in the stock bath on Thursday and brought its net assets back to 342 billion US dollars, according to the calculations of calculations of Forbes. According to the magazine, Musk was worth $ 464 billion less than three months ago on December 17th.

The Tesla share fell when the S&P 550 fell by 1.78 percent on Thursday, one day after President Donald Trump in Canada, China and Mexico, the investors were startled.

Musk’s wealth is largely based on its corporate stocks.

The Tesla share increased after Trump’s election in November. In December the share reached $ 479 per share. It was traded at $ 261 on the market after after-hour market on Thursday. China is the company’s second largest consumer market.

Similar to other American car manufacturers, Tesla is dependent on Canada in order to produce imported parts for the production of its vehicles. Even the company’s CFO, Vaibhav Taneja, warned investors in January of the harmful effects on the operations.

The shareholders expected that the choice for Tesla would bring good news. Musk had made a contribution of 300 million US dollars to Trump’s campaign and other GOP efforts. But the stock market has recorded a number of red days since Trump began to threaten tariffs, to impose them and then reverse the course. Economists claim that uncertainty also creates a market melting.

Due to its other companies, SpaceX and Xai, Musk still remains rich in 78 billion US dollars than he was on election day.

And he is still the richest man in the world. Musk would have to lose another 116 billion US dollars to fall his assets under the Meta -CEO Mark Zuckerberg. Zuckerberg with estimated assets of $ 226.7 billion is currently the second largest man in the world.

Tesla’s brand was not only swiveled by a falling stock market that is also folded down by growing unemployment (to which musk), but has also suffered since Musk became a “special employee” of the Efficiency of the Ministry of Government and imposed thousands of jobs from the Federal Government.

Due to the increasing unpopularness of Musk, Teslas and their drivers become targets of attacks and cause the owners to sell their vehicles. All over Europe, sales in Germany are 71 percent, 45 percent in Norway, 44 percent in France and 44 percent in Spain in Spain.

A Tesla Cybertruck in New Orleans recently needed a police party to leave the city’s carnival parade.

At the beginning of this week, Tesla power stations were set to flames in Massachusetts and a French exhibition room ignited and harmful 12 cars. The police in both areas suspect that the fires were deliberately determined.