Tue, March 11, 2025
[ Tue, Mar 11th 2025 ]: UPI
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[ Tue, Mar 11th 2025 ]: Cryptopolitan
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[ Tue, Mar 11th 2025 ]: Reuters
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Elon Musk's net worth dropped $29 billion in one day as Tesla stock tanks

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Elon Musk's net worth fell by $29 billion on Monday. Tesla's stock free fall has some investors concerned about the CEO's focus.
Elon Musk's net worth plummeted by $29 billion in a single day due to a significant drop in Tesla's stock price. This decline was triggered by Tesla's Q3 earnings report, which revealed a 44% drop in profits compared to the previous year, despite a revenue increase. The company's operating margin also fell from 17.2% to 7.6%, and Tesla's stock price dropped by 23% in after-hours trading. This event not only affected Musk's wealth but also led to a broader market reaction, with Tesla's stock price continuing to fall in pre-market trading. The article highlights the volatility of Musk's wealth, which is heavily tied to Tesla's stock performance, and discusses the implications for both Musk and Tesla's investors.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/markets/elon-musks-net-worth-dropped-29-billion-in-one-day-as-tesla-stock-tanks/ar-AA1ADYOI ]