Musk loses $27 billion as Tesla stock slides | Editorji
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Musk loses $27 billion as Tesla stock slides

Mar 06, 2021 10:05 IST | By Editorji News Desk

 It was a week of big losses for Tesla stock and in return it’s founder.  Elon Musk as per Bloomberg’s Billionaires Index Musk lost $27 billion in just a week as Tesla shares continued the downfall, having fallen 25% in just one month.  


Musk owns 22% of Tesla and the crack in Tesla share price has not only displaced him as the richest person in the world but also created a $20 billion gap between him and Amazon founder Bezos.  


Tesla’s sell-off comes after a ‘moonshot’ rise of 743% in 2020.  

Business