Musk became the first person in history to lose $200 billion.

　　Beijing, January 1 (Xinhua) According to Bloomberg News, Tesla and Twitter CEO Musk became the first person in history to lose $200 billion due to the sharp drop in Tesla’s share price.

　　According to the Bloomberg Billionaires Index, after Tesla’s share price plummeted in recent weeks, the 51-year-old Musk’s wealth plummeted to $137 billion. Musk’s net worth peaked on November 4, 2021, when it was estimated to be $340 billion, and has been shrinking since then. In early December 2022, bernard arnault, the chairman of Louis Vuitton Group, briefly surpassed Musk to become the richest man in the world.

　　According to reports, Tesla’s share price fell sharply in 2022, falling by 65% for the whole year. Musk also sold a lot of Tesla shares in 2022 to help pay for the $44 billion he spent on acquiring Twitter.

　　The decline in Tesla’s share price is particularly related to investors’ concerns that Musk will pay more attention to Twitter than electric vehicle production.

　　Musk refuted everyone’s concerns about Tesla and repeatedly criticized the Fed for raising interest rates at the fastest rate in a generation on Twitter.

　　"Tesla’s execution is better than ever!" Musk tweeted on December 16, 2022. "We can’t control the Fed. That’s the real problem."

　　Musk had previously borrowed heavily from Tesla shares, but recently warned that it was dangerous to borrow money in a panic market.