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The net value of Elon Musk decreased by 29 billion dollars, as Tesla’s share price also decreased.
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Tesla share 15 % as of the closure on Monday, while the net value of Musk decreased by 6.7 %.
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Musk said on Monday that it was difficult to manage his business while working on government competence.
Elon Musk remained the richest person in the world even after losing $ 29 billion on Monday alone.
The value of Musk was 301 billion dollars from Monday evening, according to the Bloomberg billionaires, which was updated to reflect stock values as of the closure of the market. The net value of Musk from Sunday reached 330 billion dollars, which means that it decreased by 6.7 % on Monday.
The decrease in the net value is provided with a decrease in the price of Tesla. Tesla share 15 % on Monday, which represents the largest decrease for one day since September 2020. NASDAQ 100 technology decreased by 4 % while S&P 500 decreased by 3 %.
Tesla share decreased by 55 % of its height in December. The net value of Musk decreased 132 billion dollars, or more than 30 %, this year, according to Bloomberg.
Some Tesla investors are concerned that the chief executive billionaire may spend a long time in Washington, DC, not enough to focus on the electric car maker.
Musk works closely with President Donald Trump and Doug’s office, as he seeks to make discounts to eliminate waste and fraud in the federal government, including cutting off spending and federal workforce.
Trump said that the CEO of Tesla and Spacex are leading the office, but the White House and the Ministry of Justice denied this, and instead called another official as the official of the Dawij office.
In an interview with Fox Business, which was broadcast on Monday, it was not easy to reconcile his companies, such as Tesla and Spacex, while also working on government efficiency efforts.
When asked how he was doing both, Musk replied, “with great difficulty,” followed by a long stop and sighed.
Tesla facilities were also targets of many attacks, including gunshots and other sabotage, which the police said could be the motive behind the policy of musk and government work.
When asked about these incidents during an Fox interview, Musk said he wanted to eliminate waste in government fraud and that he believed he was “doing the right thing.”
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