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Elon Musk has lost more than 200 billion dollars in one year, an unprecedented fall


The American billionaire and entrepreneur has become, in the Bloomberg ranking, the first person in history to lose such a fortune in such a short time.

The frenetic news around Elon Musk is to his detriment.

Already boss of the car manufacturer Tesla and the astronautics company SpaceX, the billionaire bought Twitter a little over two months ago.

While the past year has been tumultuous for Elon Musk, the latter saw his fortune fall, according to Bloomberg, to 137 billion dollars at the end of 2022. A year earlier, his capital was estimated at 340 billion dollars.

That is a decrease of 203 billion.

His former fortune made him the first or second richest man in the world, in regular competition with Jeff Bezos, the boss of Amazon.

If the American media is based on a daily ranking of the 500 richest people in the world, how can such a fall be explained?

Read alsoTesla, Space X, Twitter… Elon Musk's crazy year

First, Tesla's stock market setbacks obviously have something to do with it.

The automaker lost two-thirds of its value in 2022. A 65% drop on Wall Street, which cost Elon Musk $133 billion.

In question ?

The uncertainties concerning the sales of electric cars but also his erratic management at the head of Twitter for a few weeks.

Which worries many Tesla investors.

Tuesday, December 27, the action also fell by 11% after a mocking message from the entrepreneur.

While the automaker has increased its deliveries by 45% in 2022, this remains below the long-term objective: a 50% increase in sales per year.

Similarly, if Tesla still dominates the sector, having had 65% market share over the first nine months of the year, it

The takeover of Twitter, first recorded in April and then definitively concluded in October, also cost Elon Musk $ 44 billion.

Which forced him to sell $39 billion worth of Tesla shares since November 2021. To complete the transaction, Elon Musk finally brought in $27 billion from his own pocket.

Source: lefigaro

All news articles on 2023-01-02

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