Elon Musk's drop in fortunes could break record
Elon Musk has broken the world record for the largest loss of personal fortune in history.said in a blog on its websiteThe figures are based on data from publisher Forbes, but Guinness said other sources suggested Mr Musk's losses could have been higher.
His $44bn takeover of the social media company has sparked concerns among investors that Mr Musk is no longer giving Tesla enough attention. The estimated loss is based on the value of his shares, which could regain their value, meaning Mr Musk's wealth would increase again.In December, the Tesla boss lost his position as richest person in the world to Bernard Arnault, the chief executive of French luxury goods company LVMH, which owns fashion label Louis Vuitton.
Many Tesla investors believe he should be focusing on the electric vehicle company as it faces falling demand amid recession fears, rising competition and Covid-linked production challenges.
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