The Twitter move has surely dented his reputation and Tesla stock price.
Elon Musk, the CEO of Tesla, has seen $100 billion of his fortune wiped off in less than a year. Even after such a sharp decline, he remains the richest person on the planet,It was November of 2021 when Elon Musk rode the wave of his electric vehicle company's rising stock price to cross the $300 billion milestone of personal wealth, and become the first person ever to do so.
A prolific user of Twitter, Musk has publicly announced multiple ways to improve Twitter's user experience and bottom line. However, many worried that the "Technoking of Tesla," as Musk renamed himself, was spreading himself too thin, especially when considering he also has a space company, a neuro-biotechnology company, and a tunneling company to look after.
These questions, along with the risk of a recession that Musk has frequently spoken about, began the slide of the Tesla stock price, which has halved since its $407 peak last year and now stands at $222 at the time of writing. Musk, who owns at least 15 percent of the company's shares, has seen his personal worth slide down by a third to $210 billion.
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