https://sputnikglobe.com/20231020/musk-loses-16bln-overnight-as-tesla-shares-tank-9-after-lackluster-q3-results---bbi-1114347499.html
Musk Loses $16Bln Overnight as Tesla Shares Tank 9% After Lackluster Q3 Results - BBI
Musk Loses $16Bln Overnight as Tesla Shares Tank 9% After Lackluster Q3 Results - BBI
Sputnik International
US billionaire entrepreneur Elon Musk has shed $16 billion of his fortune overnight as Tesla shares sank over 9% on the back of poor financial results in the third quarter of 2023, according to the Bloomberg Billionaires Index (BBI).
2023-10-20T09:16+0000
2023-10-20T09:16+0000
2023-10-20T09:16+0000
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elon musk
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The electric carmaker's shares fell 9.3% to $220 when the stock closed on Thursday after the quarterly report showed the company's net income dropping almost 1.8 times in the past quarter. Musk's net worth dwindled by 7% to $210 billion, which was still not enough to dislodge him from the top spot in the ranking of the world's richest people. French luxury goods tycoon Bernard Arnault, who heads mega-corporation Moet Hennessy Louis Vuitton (LVMH), is in the second place with $155 billion, narrowly followed by Amazon founder Jeff Bezos with $144 billion.
https://sputnikglobe.com/20231019/elon-musk-reportedly-eyeing-removal-of-twitterx-from-europe-over-eu-regulations-1114306451.html
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us billionaire entrepreneur elon musk, financial result, bloomberg billionaires index
us billionaire entrepreneur elon musk, financial result, bloomberg billionaires index
Musk Loses $16Bln Overnight as Tesla Shares Tank 9% After Lackluster Q3 Results - BBI
MOSCOW (Sputnik) - US billionaire entrepreneur Elon Musk has shed $16 billion of his fortune overnight as Tesla shares sank over 9% on the back of poor financial results in the third quarter of 2023, according to the Bloomberg Billionaires Index (BBI).
The electric carmaker's shares fell 9.3% to $220 when the stock closed on Thursday after the quarterly report showed the company's net income dropping almost 1.8 times in the past quarter.
Musk's net worth dwindled by 7% to $210 billion, which was still not enough to dislodge him from the top spot in the ranking of the world's richest people.
19 October 2023, 03:02 GMT
French luxury goods tycoon Bernard Arnault, who heads mega-corporation Moet Hennessy Louis Vuitton (LVMH), is in the second place with $155 billion, narrowly followed by Amazon founder Jeff Bezos with $144 billion.
