Sophie Mellor
Sophie Mellor
Writer @FortuneMagazineSource
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Elon Musk has lost $49 billion since first offering to buy Twitter for $44 billion

Elon Musk has lost $49 billion since first offering to buy Twitter for $44 billion

While Elon Musk was busy on Wednesday, announcing changes to his political leaning and thrashing “wactivists” on Twitter, the share price of Tesla sank to its lowest level of the year, wiping $12.3 billion from his net worth. After Wednesday's 6% drop, Tesla shares are now down 28% since Musk launched his bid to buy Twitter on Apr. 14. This means that the vocal Musk's net worth has sunk by $49 billion since he first made his $44 billion offer. The fall in Tesla stock came alongside a wider market tumble, which saw the S&P 500 drop 4% over the course of the day. But the electric...

May 20
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