![]() ![]() Short-term market madness is unpredictable. Growing worries about weakening demand and logistical problems have hampered deliveries for the world’s most valuable automaker.Īs the market closed for the year on 30 December 2022, Musk tweeted: “Long-term fundamentals are extremely strong. The decline accelerated in October after Musk bought Twitter for roughly $44bn (£36bn), it said. Musk sold another 931 million worth of stock on. His latest filing promises more are coming. The majority of Musk’s fortune is tied up in Tesla stock, the value of which plummeted 65% in a tumultuous 2022, the Guinness World Records report said. Tesla CEO Elon Musk’s sales of his company’s stock continued Monday. Musk still has the potential to continue pulling in staggering sums of money. In December, the Tesla boss lost his position as richest person in the world to Bernard Arnault, the chief executive of French luxury goods conglomerate LVMH, which owns fashion label Louis Vuitton.įorbes estimates as of 12 January put Arnault’s net worth at $203.7bn (£168bn) and Musk’s at $146.5bn (£121bn). For the moment at least, Elon Musk is working at Tesla for free. on April 14, 2022, and concluded it on October 27, 2022. Although the report concedes the exact figure is “almost impossible to ascertain”, it noted that Musk’s total losses “far surpass” the previous record of $58.6bn (£47bn), set by Japanese tech investor Masayoshi Son in 2000. Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. ![]()
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