Elon Musk has lost about 2,000 crore per day this year.
Billionaires and millionaires are equally reaching new heights, as Bill Gates and Amazon CEO Jeff Bezos, who both acquired a net worth of $116 billion, recently demonstrated. These two are next in line, followed by Indian billionaire Gautam Adani. Whereas with a total net worth of $89.7 billion, Mukesh Ambani ranks ninth on the list. However, with a total net worth of $24.7 billion, Shiv Nadar is ranked 49th overall.
Thus, the excessive participation of Elon Musk on Twitter since his acquisition in October has quite alarmed Tesla investors. The investors have already received fixed assurances from Musk that he is just temporarily serving as the social media company’s CEO.
Nevertheless, after reorganising the company’s extensive operations, Musk intends to name a new CEO for Twitter.
in reference to Elon Musk’s $44 billion transaction with Twitter on October 27th.Thus, in contrast, the share prices of other US automakers, including those such as Volkswagen, Ford, and GM, increased throughout that time.
As China is one of the company’s biggest markets outside of the US, it is said to have limitations connected to COVID. Thus, Tesla has been dealing with supply-chain challenges, which are becoming huge circumstances in the marketing of Tesla, as well as the growing cost of raw materials. Plus, in addition to the recall of thousands of vehicles due to defective taillights,
Therefore, to cover the damages, Musk reduced the benefits for the surviving staff to cut expenses. In addition, he also apparently intends to charge for the complimentary lunches that Twitter staff formerly received. However, it’s unclear how Elon Musk will make up for all of the losses in the meantime while losing his wealth every day.