Musk's net worth falls below $200 billion: Investors selling Tesla shares

Tesla founder and the world's richest businessman Elon Musk's net worth has fallen below $200 billion. After Musk's Twitter acquisition, investors started selling Tesla shares, causing Musk's net worth to fall. Investors think Elon Musk is too busy with Twitter right now and is not paying attention to Tesla.
According to Forbes, Musk's net worth currently stands at $197.4 billion, a large part of which comes from his roughly 15% stake in Tesla. Musk has sold nearly $4 billion worth of Tesla stock to complete the Twitter deal. Tesla shares closed down $5.78, or 2.93%, at $191.30 on Tuesday. In the last 6 months, this stock has fallen by $ 71.07 or 27.09%. Talking about this year, the decline is close to 52%.
Elon Musk announced on April 4 that he owned a 9.2% stake in Twitter, making him the largest shareholder in the company. After this, on October 27, he acquired Twitter for $ 44 billion. Since this acquisition, he has been making major changes on Twitter. Elon Musk is also the owner of the rocket company SpaceX. Apart from this, he is also the owner of Hyperloop and Tunnel maker The Boring Company, among others.
Elon Musk has long remained number one on the Billionaires list of Forbes. At present, his net worth is $ 197.4 billion. At number two is French businessman Bernard Arnault and family. His net worth is $ 159.3 billion and India's Gautam Adani is at number three with a net worth of $ 145.5 billion. Amazon founder Jeff Bezos is at number four and Warren Buffett, the world's biggest investor, is at number five.