Washington: Elon Musk’s web price has dropped under USD 200 billion as traders dumped Tesla’s shares on fears that the highest government and largest shareholder of the world’s most respected electric-vehicle maker is extra preoccupied with Twitter, reported Reuters.
To this point this yr, knowledge confirmed that Tesla shares have declined over 50 per cent.
Over the previous 5 periods, they slid almost 15 per cent.
In different information, the billionaire reportedly bought 19.5 million Tesla shares on Tuesday price a bit under USD 4 billion.
The gross sales of shares in his electrical automobile firm got here days after he formally took over the microblogging social media platform Twitter.