Elon Musk lost $50 billion in 2 days after Tesla shares plunged 16%

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Elon Musk lost $50 billion in 2 days after Tesla shares plunged 16%
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Elon Musk lost $50 billion in 2 days after Tesla shares plunged 16% — but he's still worth over $100 billion more than Jeff Bezos

came under additional pressure on Tuesday — falling as much as 12% — after famed short-seller Michael Burry suggested in a now-deleted tweet that Musk may want to sell his shares to cover his personal debts.

Share prices were also hit by news that Musk's cousin and director of the EV company, Kimbal Musk,Despite the sharp decline this week, Tesla shares are still up 40% year-to-date — and Musk is still the richest man on earth, leading second-wealthiest man Jeff Bezos by $122 billion, according to the Bloomberg Billionaires Index.Subscribe to push notifications

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