The world's richest man and Tesla CEO (chief executive officer), Elon Musk, lost over $15 billion in a day as Tesla shares plummeted the most in four months after the company blamed a disappointing deliveries report on shipment issues. According to the Bloomberg Billionaires Index, Tesla CEO Musks ' wealth declined by over 6% in a day with his total wealth at $223 billion as of October 4, 2022. Tesla delivered 343,830 vehicles to customers in the last three months, which was short of the almost 358,000 total that analysts expected as compiled by Bloomberg. The shipment issues increased the number of vehicles on their way to customers as the quarter ended. The share price of Tesla tumbled over 8% on Monday, its biggest one-day decline since June 3. Tesla was also by far the worst performer in the S&P 500 Index. Musk owns about 15% of Tesla, according to an August 2022 regulatory filing. Tesla sells electric vehicles and home solar batteries. Musk is also the chief executi...
Your source for Israel-Palestine political insights and breaking news. Timely, accurate, impactful.