Musk & Tesla see combined $100 bn wealth erosion since Twitter takeover

Elon Musk’s net worth and Tesla’s market cap have seen a combined loss of about $100 billion since he took over Twitter in October-end last year. This is in addition to X’s (formerly Twitter) valuation markdown to $19 billion. Musk spent $44 billion on Twitter a year ago to allow more free speech and turn it into an ‘everything app’. (Source: NYT News Service, finitiv, Bloomberg, TOI)

Leave a Reply

Your email address will not be published. Required fields are marked *