Elon Musk has seen his worth drop to $137 billion as a result of the recent decline in Tesla stock.
In January 2021, months after Jeff Bezos, Tesla CEO Elon Musk became the second person to ever earn a personal fortune of more than $200 billion.
Musk has now accomplished a first of his own by being the first person in history to have their net worth reduced by $200 billion.
As rivals catch up, Tesla's leadership in electric vehicles, the basis of its high valuation, is in peril.
In addition to apparently decreasing output at its Shanghai plant, it is also giving US customers an unusual $7,500 discount
According to the Bloomberg Billionaires Index, Musk has seen his worth drop to $137 billion as a result of the recent decline in Tesla stock
His wealth peaked on November 4, 2021, at $340 billion, and he held the title of world's richest man until French entrepreneur
The milestone in round numbers illustrates just how far Musk rose during the run-up in asset prices during the easy-money epidemic era.
In October 2021, Tesla became the first publicly traded company to have a market capitalization of $1 trillion
joining the ranks of tech giants Apple Inc., Microsoft Corp., Amazon.com Inc., and Google parent Alphabet Inc