Oyogist has learned that Tesla CEO, Elon Musk has lost $50 billion so far this week after Tesla Inc. shares plunged for the second day in a row.
The shares saw its biggest two-day decline in the history of Billionaires Index, and the biggest one-day fall after Jeff Bezos’s $36 billion plunge following his divorce from MacKenzie Scott in 2019.
Tesla’s fallout comes after he shared a tweet asking his Twitter followers over the weekend whether he should sell 10 per cent of his stake in the company.
An Insider report which was hosted by Michael Burry, had disclosed that Musk may want to sell shares to cover his personal debts.
The drop Also narrows Musk’s lead over Bezos as the world’s richest person to $83 billion.
Musk had surpassed Bezos as the world richest man for the first time in January and the gulf between the two recently rifted as wide as $143 billion, a figure greater than the net worth of Bill Gates, the world’s fourth-richest person.