Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Elon Musk has lost more than $400 million a day this year 

4bc news
Article image for Elon Musk has lost more than $400 million a day this year 

Elon Musk’s fortune has shrunk by more than $153 billion AUD after shares of Tesla plummeted to the lowest value in two years. 

The Tesla co-founder is still the world’s richest man, with an estimated worth of around $257 billion AUD but it’s a far cry from last year’s excess of $500 billion.

It means he’s bled around $419 million AUD every day this year.

In the past year, Musk acquired Twitter for a whopping $66 billion AUD while Tesla’s stock value fell by 59 per cent as demand for electric vehicles slowed.

It comes as investors reportedly question whether Musk is spreading himself too thin across his high-profile ventures.

Tesla’s dependence on the billionaire is listed as a risk factor in its security filings, saying “he does not devote his full time and attention to Tesla”.

Musk is still estimated to be around 227,000 times richer than the average American household.

 

Image: Patrick Pleul – Pool/Getty Images

4bc news
Advertisement