2023-04-21 18:22:00
Thursday April 20 was a difficult day for the billionaire, who saw part of his fortune melt away through a combination of circumstances.
Black Thursday for the boss of TeslaSpaceX and Twitter. As the Bloomberg Billionaires Index assessed the fortunes ofElon Musk at 177 billion dollars on the morning of April 20, a day later it is estimated at 164 billion dollars, BFMTV tip. If he is still far from ruin, he nevertheless lost nearly 13 billion euros in a single day, a record loss for 2023. The billionaire thus loses a few lengths behind Bernard Arnault in the ranking of the greatest fortunes in the world. What happened ?
It is in fact a combination of factors that can explain this sudden decline in the fortune of the billionaire, who had already experienced many setbacks in 2022. First of all, on the evening of Wednesday April 19, Tesla revealed a profit down by 24% in the first quarter of 2023. In question, the assumed strategy of Elon Musk to lower the prices of electric vehicles to increase sales. The figures released on Wednesday were enough to cool some investors.
Starship explosion and new controversy for Twitter
The next day, Elon Musk was not at the end of his troubles, while Starship, the largest rocket in the world, launched by SpaceX, exploded in midair. This test flight did not discourage the boss, who promised new tests soon. But if SpaceX is not listed on the stock exchange, the company is very linked to the figure of Elon Musk and this first failure could have impacted its reputation on the financial markets. […] Read more
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