Elon Musk the relapse? After a very turbulent year 2022 for the American billionaire, who had his assets melted by more than half, the page seemed to have turned since the beginning of this year.
Unfortunately, the head of Tesla, SpaceX and Twitter has been in crisis again for a few days. On Thursday alone, the wealth of the planet’s former No. 1 fortune shrank by nearly $13 billion, its biggest drop in 2023. According to the Bloomberg Billionaires Index, Elon Musk’s net worth stands at $164 billion from nearly 177,000 million dollars daily. earlier. He is now vastly surpassed by Bernard Arnault, whose net worth is estimated at $211 billion for the US site.
The bad news keeps coming for the American boss. It was Tesla’s results that first disappointed investors. The automaker, which has embarked on a price war, saw its profits plummet 24% in the first quarter of 2023. As new models hit the market each quarter, Tesla’s dominance in the electric vehicle segment is receding. According to Cox Automotive, in the United States, Tesla’s market share fell from 79% in 2020 to 62% in the first quarter.
24 hours later, another event rocked the market. The explosion this Thursday in mid-flight of Starship, the world’s largest rocket, bathed market optimism. Worth $137 billion since its last fundraiser, SpaceX is unlisted and yesterday’s event is not directly responsible for Elon Musk’s stock market disappointment. But he likely had a hand in undermining the reputation of the billionaire who personally embodies the companies he runs.
As well as Twitter, which began yesterday to withdraw the blue certification badges from personalities present on the social network who do not pay the subscription. this thursday of kim kardashian TO Justin Bieber going by donald trump, HE Pope Francisco, the German chancellor Olaf Scholz or the singer Beyoncé saw their blue tick disappear. A bad signal sent to the market. Especially since at the same time, many star accounts (Jim Carrey, Gigi Hadid…), brands (Balenciaga…), media or personalities of all kinds have deserted the social network.
Between Tesla’s disappointment, SpaceX’s concern and Twitter’s discontent, all three pillars of the Musk empire are showing signs of a fever this week.
Source: BFM TV
