{"id":452600,"date":"2022-05-25T15:25:05","date_gmt":"2022-05-25T12:25:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/elon-musk-drops-from-200-billion-club-as-tesla-twitter-tank\/"},"modified":"2022-05-25T15:25:05","modified_gmt":"2022-05-25T12:25:05","slug":"elon-musk-drops-from-200-billion-club-as-tesla-twitter-tank","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/elon-musk-drops-from-200-billion-club-as-tesla-twitter-tank\/","title":{"rendered":"#Elon Musk drops from &#8216;$200 billion club&#8217; as Tesla, Twitter tank"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40a09dcb5c1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40a09dcb5c1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/elon-musk-drops-from-200-billion-club-as-tesla-twitter-tank\/#%E2%80%9CElon_Musk_drops_from_%E2%80%98200_billion_club_as_Tesla_Twitter_tank%E2%80%9D\" >&#8220;Elon Musk drops from &#8216;$200 billion club&#8217; as Tesla, Twitter tank&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CElon_Musk_drops_from_%E2%80%98200_billion_club_as_Tesla_Twitter_tank%E2%80%9D\"><\/span>&#8220;Elon Musk drops from &#8216;$200 billion club&#8217; as Tesla, Twitter tank&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Elon Musk\u2019s net worth has fallen below $200 billion as the share price of his electric car company, Tesla, continues its slide and his stake in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> goes underwater.<\/p>\n<p>Musk, the wealthiest person in the world, has a fortune that as of Wednesday was valued at $193 billion, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/billionaires\/\">according to Bloomberg Billionaires Index<\/a>.<\/p>\n<p>Since the start of the year, however, he has seen his wealth shrink by $77.6 billion as Wall Street <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears on the verge of a bear market.<\/p>\n<p>Musk and other multibillionaires have seen their fortunes shrink. The 50 wealthiest people, including Bill Gates, Jeff Bezos, Mark Zuckerberg, and Bernard Arnault, lost an aggregate of half a trillion dollars in wealth since the start of 2022.<\/p>\n<p>Shares of Tesla fell nearly 7% on Tuesday as the company\u2019s assembly line has been hampered by ongoing coronavirus lockdowns in China.<\/p>\n<p>On April 4, Tesla was trading at $1,145 a share. That was the day Musk announced that he purchased a 9.2% stake in the social media company Twitter.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-200-billion-club-03.jpg?w=1024\" alt=\"Tesla investors are worried about ongoing coronavirus lockdowns in China that have hampered production.\" class=\"wp-image-22402440\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-200-billion-club-03.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-200-billion-club-03.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-200-billion-club-03.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tesla investors are worried about ongoing coronavirus lockdowns in China that have hampered production.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Since then, however, the stock price of both companies have tanked. Tesla on Tuesday sank to its lowest price of $620.57 a share before closing at $628.16.<\/p>\n<p>Twitter hardly fared better on Tuesday. Its stock price fell 6% on Tuesday, closing at $35.76 \u2014 its lowest since March 16.<\/p>\n<p>Since the start of the year, Twitter stock has fallen 17.6% while Tesla shares have dropped by 40.8%. Both companies\u2019 losses have surpassed that of the S&amp;P 500, which has shed 17.5% year to date.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"680\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-200-billion-club-02.jpg?w=1024\" alt=\"Tesla shares have fallen nearly 41% since the start of 2022.\" class=\"wp-image-22402439\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-200-billion-club-02.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-200-billion-club-02.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-200-billion-club-02.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tesla shares have fallen nearly 41% since the start of 2022.<\/figcaption><figcaption><span class=\"credit\">via REUTERS<\/span><\/figcaption><\/figure>\n<p>Twitter shares have fallen 31.1% since closing at a high of $51.70 on April 25 \u2014 when the company\u2019s board of directors accepted Musk\u2019s $44 billion buyout offer.<\/p>\n<p>Musk bought his 9.2% stake in Twitter, or 73.12 million shares, at a weighted average price of $36.16, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/Tesla investors are worried about ongoing coronavirus lockdowns in China that have hampered production.\">according to MarketWatch<\/a>.<\/p>\n<p>At the current stock price, Musk would end up losing $40.7 million on his investment. That\u2019s a stark swing from the $1.14 billion gain from the April 25 closing price of $51.70.<\/p>\n<p>Musk\u2019s acquisition of Twitter has raised his public profile, though it has come with a price. Last week, it was revealed that Musk\u2019s space <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> firm, SpaceX, paid $250,000 in hush money to settle sex misconduct claims brought by a flight attendant in 2016.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/05\/25\/elon-musk-drops-from-200-billion-club-as-tesla-twitter-tank\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Elon Musk drops from &#8216;$200 billion club&#8217; as Tesla, Twitter tank&#8221; Elon Musk\u2019s net worth has fallen below $200 billion as the share price of his electric car company, Tesla, continues its slide and his stake in Twitter goes underwater. Musk, the wealthiest person in the world, has a fortune that as of Wednesday was&#8230;<\/p>\n","protected":false},"author":1,"featured_media":452601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-200-billion-club-comp-1-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129614,70971,39394,36402,10401],"class_list":["post-452600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-25-22","tag-billionaires","tag-elon-musk","tag-tesla","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=452600"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/452601"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=452600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=452600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=452600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}