Elon Musk loses $200 billion of his fortune

US billionaire Elon Musk has become the first businessman in history to lose $200 billion of his fortune.

January 3, 2023 at 5:01 p.m.

Modified January 3, 2023 at 5:01 p.m.

US billionaire Elon Musk has become the first businessman in history to lose $200 billion of his fortune.

The net worth of the CEO of Tesla, SpaceX and Twitter now stands at $137 billion, when it had come close to 340 billion dollars in 2021according to‘agence US Bloomberg.

This decline is largely due to the fact that most of Musk’s wealth is tied to Tesla, whose stock plunged 65% in 2022says the same source.

On Monday January 2, Tesla announced that it had delivered 1.31 million electric vehicles in 2022, which represents a record and a jump of 40% over one year but remains below its own forecasts and Wall Street expectations.

Elon Musk’s company has set itself the long-term goal of increasing its deliveries by an average of 50% per year. This objective may fluctuate depending on its operations, the company said in a press release, adding that these operations have been affected in particular by the impact of the Covid, which led to several weeks of closure of its factory in China, and the problems linked to its supply chains.

January 3, 2023 at 5:01 p.m.

Modified January 3, 2023 at 5:01 p.m.