11 C
London
Tuesday, May 20, 2025

Elon Musk's assets are melting. Billionaire Elon Musk has lost $ 52 billion since the beginning of the year

Must read

- Advertisement -


Elon Musk's assets have melted 52 billion dollars since the beginning of the year – reports CNN. However, he is still the richest man in the world. His assets are $ 380 billion. The second richest man is still far behind him.

As CNN explains, Tesla Muska's shares fell by 8 percent. Before closing the stock exchange on Tuesday, after a fixed decline by over 20 percent. over the past month. Tesla's market value for the first time since November 2024 fell below $ 1 trillion.

Sloping of Tesla sales results in Europe

The sale of Tesla cars records an unprecedented decline. Last month, the company's results throughout Europe burst by as much as 45 percent. Despite the popularity of electric vehicles – adds CNN, citing the data of the European Association of Producers.

- Advertisement -

Read also: It can be a “musk effect”. A violent sales breakdown >>>

Elon Musk at the opening of the German Tesla factoryChristian Marquardt/Pool/Getty Images

As CNN explains, it is not clear whether this is the effect of the policy in which the richest man in the world got involved. His actions arouse a lot of controversy. Growing competition, especially in Chinaand the decreasing increase in demand in the United States may be the main reason in the powerful decrease in sales and Tesla's sales.

Donald Trump and Elon MuskPAP/EPA/Will Oliver

Musk is still the richest man in the world

CNN emphasizes that investors before, just after the victory Donald Trump in the presidential election USAthey believed that the influence of Musk on Trump's administration will initiate the era of deregulation at which the company will benefit. From the day of election to the end of November, after a steady increase in Tesla's campaign, Musk was enriched by about 83 billion dollars. He is the company's largest shareholder.

According to the latest update, Bloomberg Billionaires Index, Muska – despite the loss of more than $ 5 billion in a week – is still the richest man in the world. His assets are $ 380 billion – that is, as much as $ 144 billion more than Marek Zuckerberg, general director of the finish, who is the second richest man in the world.

The richest people of the world in swearing in Donald TrumpPAP/EPA/Julia Demaree Nikhinson

Elon Musk He is the general director of Tesla and SpaceX, as well as the owner of the X and general director of other projects, including Neuralink, Xai and Boring Company. Currently supervises the Department of Government Efficiency Doge, whose activities arouse a lot of controversy,

Muska dispute with federal officials

Federal officials in the US updated the lawsuit filed in court against Elon Musk, accusing him of breaking the labor law provisions – the AP agency informed on Monday. Advocates of officials in an updated lawsuit filed in the Federal Court in California indicated that Musk's request was given on Saturday morning, so that until the end of the day everyone mentioned five tasks performed last week, conflicts with applicable regulations.

It was emphasized that no regulation, regulation or program implemented by the Personnel Management Office (OPM) “never required all federal employees to submit similar reports in the history of the US.” The threat of mass exemptions itself was referred to as “One of the most mass fraud related to employment in the history of the country”.

Read also: Musk withdraws from his threat and gives another chance >>>

Source of the main photo: EPA/SHAWN THEW



Source link

More articles

- Advertisement -

Latest article