According to the Forbes Real-Time counter, Elon Musk’s net worth dropped sharply by $29 billion after the announcement of the Twitter purchase. Tesla investors were very nervous about this decision. They fear Musk will have to mortgage or sell his shares in the company to get a loan to buy the social network.
“Shareholders are concerned that Musk may sell his Tesla shares to pay for a deal with Twitter and that his attention may not be enough to manage several companies”– Forbes quotes the words of an analyst at the investment company Wedbush Dan Yves.
Musk’s net worth fell 10.83% in a day, from $268 billion to $239.2 billion, due to a 12% drop in the value of Tesla shares. Over the past day, the company’s market capitalization has decreased by about $130 billion.
Source: ixbt
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