Musk's wealth evaporated by $15 billion, Wall Street warned him to stay away from Washington
Internet reports that Tesla's (TSLA.O) share price plunged nearly 7% on Monday after Musk threatened to establish the third party in the United States, the American Party, the world's richest man's net assets evaporated by about US$15 billion in one day. Investors worry that their companies may face more obstacles as a result of the conflict with Trump loses federal subsidies. According to Forbes estimates, as Tesla's market value falls, Musk's personal wealth is currently US$391 billion, down from US$405 billion the previous day. Despite the decline, he still maintains a lead of more than $100 billion compared to the second-richest man. (Jin Shi)
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