Tesla’s warning about possibly having to keep cutting the prices of its electric vehicles led to a significant drop in Elon Musk’s fortune by $20.3 billion. Musk’s net worth of $234.4 billion is still higher than Bernard Arnault’s, the chairman of LVMH, by about $33 billion. However, the wealth gap between the two billionaires is narrowing.
Elon Musk’s wealth slumps $20 billion as Tesla shares tumble
Tesla’s warning about possibly having to keep cutting the prices of its electric vehicles led to a significant drop in Elon Musk’s fortune by $20.3 billion. Musk’s net worth of $234.4 billion is still higher than Bernard Arnault’s, the chairman of LVMH, by about $33 billion. However, the wealth gap between the two billionaires is narrowing.