Elon Musk's Wealth Drops $15 Billion as Tech Stocks Plunge [Business News Network (BNN) (Canada)]
Tesla, Inc. (TSLA)
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Source: Business News Network
Elon Musk's net worth fell by $15.2 billion on Friday -- the most among tech billionaires -- after Tesla Inc. shares extended losses. That leaves Musk's fortune at $268.9 billion, which is still up 72% for the year, according to the Bloomberg Billionaires Index. Jeff Bezos's net worth dropped by $2.7 billion as shares of Amazon.com Inc. declined 1.4% in New York, while Oracle Corp. co-founder Larry Ellison saw his fortune fall $2.6 billion. Mark Zuckerberg's wealth dropped $1.3 billion to $114.7 billion with his recently rechristened Meta Platforms Inc. on the cusp of a bear market after an almost 20% fall from its recent peak. Read more: From Tesla to Nvidia, Wall Street's Favorites Keep Tumbling Markets are still reacting to higher inflation and the likelihood that the Federal Reserve will push forward with faster tapering of asset purchases. The top 10 U.S. technology billionaires combined hemorrhaged $27.4 billion in wealth, according to the index. ©2021 Bloomberg L.P.
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- Meta's Mark Zuckerberg avoided a cage match with Elon Musk but got a jab in anyway by passing him on the billionaires list [Yahoo! Finance]Yahoo! Finance
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Earnings
- 1/24/24 - Beat
TSLA
Sec Filings
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form PRE
- 4/16/24 - Form 8-K
- TSLA's page on the SEC website