Elon Musk’s Wealth Melted 12 Billion Dollars in Hours!

Agreed to buy Twitter for $44 billion at the end of April. Elon Muskshared one of his most controversial political statements to date. Musk reacted to the removal of the electric car company Tesla from the environmental, social and governance (EGS) list in the S&P 500 stock market index, and argued that Tesla was the leader in this regard.

However, Musk suggested that the ESG was a hoax and said it was weaponized by ‘social justice fighters’. While Musk’s reaction was on the agenda, Musk later said ‘Political attacks against me will increase tremendously in the coming months.‘ he shared. After that, he announced that his political view had changed as follows:

“I will now vote Republican”:

“I voted Democrats in the past because they were (mostly) favor parties. But they have become a party of division and hate, so I can no longer support them and will vote Republican. Now, watch their dirty game campaign against me…”

Musk’s statement resulted in the collapse of Tesla shares:

Tesla shares fell to the lowest level of this year with Musk’s political statements. depreciated by 7% The value of Tesla shares was last seen at the level of $ 700. With the depreciation of the shares, Elon Musk’s wealth within hours billion dollar meltdown took place.

According to the calculation made by Bloomberg, Tesla’s loss of value, Musk’s wealth 12.3 billion dollars decrease caused. Despite this change, Elon Musk has almost 2 times more wealth than his closest rival. remains the richest person in the world. Musk’s wealth, which previously exceeded $ 300 billion, has decreased to $ 210 billion today.