Washington: Elon Musk's net worth has dropped below USD 200 billion as investors dumped Tesla's shares on fears that the top executive and largest shareholder of the world's most valuable electric-vehicle maker is more preoccupied with Twitter, as per the report of Reuters.
So far this year, data showed that Tesla shares have declined over 50 percent.
Over the past five sessions, they slid nearly 15 percent.
In other news, the billionaire reportedly sold 19.5 million Tesla shares on Tuesday worth a little below USD 4 billion.
New SEBI Rules: Repo Transactions By Mutual Funds To Follow Mark-to-Market Valuation
Bombay HC Terms Police Officer's Arrest Illegal, Directs State To Pay ₹2 Lakh Compensation
India's Luxury Housing Market Soars: CREDAI-MCHI Reports 18% Growth In Sales Value In H1 FY2025
Jharkhand: CM Hemant Soren Meets PM Modi, Invites Him To Ranchi Swearing-In Ceremony On November 28
The sales of shares in his electric vehicle company came days after he formally took over the microblogging social media platform Twitter.
With inputs from ANI/ Reuters
