Elon Musk’s fortune suffers the biggest loss this year

The fortune of the CEO of Tesla, SpaceX and Twitter, Elon Musk, suffered its biggest loss this year this Thursday, Bloomberg reports.

According to the agency, the billionaire’s fortune fell by $12.6 billion in a single day due to the fall in the price of Tesla shares, which decreased by 10% after the failed launch of the largest and most powerful rocket of the aerospace company SpaceX. , the Starship. Holdings in Tesla make up the bulk of Musk’s fortune, valued at $163.9 billion.

Previously, Musk’s net worth increased by $26.8 billion thanks to Tesla’s profits, which increased by 32%. Last December, the South African-born tycoon lost the title of the richest man in the world, being displaced by Bernard Arnault, president of the French conglomerate Louis Vuitton Moet Hennessy (LVMH).

When asked what level of profitability is best for Tesla, Musk responded that “it’s hard to say what the margin is.” With RT

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