Find the latest bookmaker offers available across all uk gambling sites www.bets.zone Read the reviews and compare sites to quickly discover the perfect account for you.
Advertising
Home / cover / Tesla Boss, Elon Musk Lose $8bn just this Week

Tesla Boss, Elon Musk Lose $8bn just this Week

Elon MuskTesla boss, Elon Musk, the second richest man on the planet lost $8bn from his net worth this week.

 

Advertising

 

 

Advertising

According to Forbes, Elon Musk is currently worth $162.4 billion and is still the richest man. Musk’s net worth is highly intertwined with his shares in his Tesla company.

 

 

Advertising

This week the shares took a hit which led to the $8bn loss. We are going to briefly explain what led to this loss below.

YOU MAY ALSO LIKE:   2 Days after hanging out with Elon Musk, Joe Rogan Dave Chapelle Tested Positive to COVID-19

This week German automobile giants, Volkswagen announced a detailed plan to get involved in the blossoming electric car market. According to the plan, they hope to become the leading electric car manufacturer in the world by 2025.

The announcement drove up Volkswagen company shares by 15%. Experts and analysts strongly believe Volkswagen would be a very competent competitor to Tesla. This led to a 6.9% drop in Tesla shares shaving $8bn from Musk’s net worth.

Advertising
YOU MAY ALSO LIKE:   ACAMB Mourns Transition of Abdul Imoyo its esteemed Publicity Secretary

The automobile industry has been dominated by German companies for a very long time. German automobile companies have at many times in the past set high standards that US carmakers have struggled to compete with.

The entrance of an 84-year-old German automobile company into the electric car market seems to have set off the alarm bells in the US Market.

YOU MAY ALSO LIKE:   'You Are Mentally Sick And Possessed' - Odumeje Fires back At Reverend Okotie For Attacking Late TB Joshua (VIDEO)

Elon Musk is still the second richest man in the world behind his American counterpart, Jeff Bezos.

Advertising

About society_admin

Check Also

Ecobank

+234Art International Fair Opens In Lagos at Ecobank Pan African Centre (EPAC)

+234Art International Fair Opens In Lagos at Ecobank Pan African Centre (EPAC) The +234Art Fair, ...

Advertising

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertising

Recent Posts

Archives

More News