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Tesla Shares Slump: Musk Out Of USD 200 Billion Net Worth Club

Washington [US]: The world’s richest man’s net worth dropped considerably to today. Elon Musk’s net worth is currently below USD 200 billion as investors dumped Tesla’s shares.

The drop in prices of shares, happened on fears that the top executive of the electric-vehicle maker, Tesla, is more preoccupied with Twitter, as reported by Rueters.

So far this year, data showed that Tesla shares have declined over 50 per cent and are trading 15 per cent lower only in the last five sessions.

In other related news, Elon had reportedly off-loaded 19.5 million Tesla shares on Tuesday worth a little below USD 4 billion.

The sales of shares in his electric vehicle company came days after he formally took over the microblogging social media platform twitter.

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