Musk's net worth peaked at just over $300 billion earlier this year. But a 68% year-to-date decline in Tesla stock has erased a large chunk of that, asSince Musk completed his $44 billion acquisition of Twitter in late October, shares offor the Nasdaq 100. Musk has also sold billions of dollars of Tesla stock to fund his acquisition of Twitter.
Other factors hurting Tesla stock includes growing concerns of an economic recession in 2023, which would likely put a dent in the company's sales growth, andAccording to Bloomberg, Musk's SpaceX equity stake is now his most valuable asset, worth $47 billion. Meanwhile, Musk's Tesla stake is worth about $40 billion, while his options in Tesla are worth another $28 billion, according to Bloomberg.
The next most valuable asset owned by Musk is Twitter, which Bloomberg estimates is worth $20 billion, about half Musk's purchase price for the social media company."Obviously myself and the other investors are obviously overpaying for Twitter right now,"Finally, Bloomberg assigned a $3.3 billion value to Musk's stake in The Boring Company.
While the decline in Tesla stock has erased the biggest chunk of Musk's net worth, it has created fortunes for those who bet against the company. According to S3,
BISouthAfrica Wealth based on stock valuation isn't really wealth. Also, the stock is still WAY up compared to the crazy explosion in valuation.
BISouthAfrica Now report on ALL the stock market blood bath, Year to Date: Google (-39%) Netflix (-52%) Facebook (-65%) Ford (-48%)
BISouthAfrica Lol...unless they boycott space x the guy will still be wealthy
BISouthAfrica It's the competition. More n more EVs r coming unto the scene
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BISouthAfrica We all know Gates has taken a short position on Tesla - just to confirm what a thug Gates really is.
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