Tesla CEO Elon Musk reportedly sheds billions from net worth

Posted on AllSides October 20th, 2023
From The Right

Elon Musk, the CEO of Tesla, saw billions shaved off his net worth Thursday, according to Bloomberg. 

The reported drop in the value of his personal fortune came as investors reacted to the financial results put out Wednesday evening by the electric vehicle and clean energy company for its third quarter. His net worth, however, remains the world’s highest by the outlet and Forbes’ respective measures.

Bloomberg reported late Thursday morning that the drop in Musk’s net worth amounted to $15.9 billion, making the Tesla CEO worth an estimated $209.8 billion.

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