2022 has not been a good year for the stock market, which has been particularly felt by holders of shares of technology companies. The most painful blow hit directly “Teslashares, posting the largest drop in value in 2022 of all companies. On Dec. 28, their value alone dropped 11.5%, which is no longer unusual. Meanwhile, in general, during this year, the value of shares “Tesla” decreased by 72.72%. This has a negative impact not only on investors’ wallets, but also, of course, on Elon Musk himself, whose wealth has shrunk by around US$140 billion over the course of a year.
In agreement with “Bloomberg Index of Billionaires“Tesla’s stock crash reduced the value of Musk’s assets by $140 billion this year through Dec. 28. Despite this, Elon Musk is still the second richest person in the world at $130 billion. He is true, if the value of “Tesla” shares continues to fall just as rapidly, by the end of the year it may slide to an even lower level.
It is completely unbelievable that at the beginning of the year the value of Elon Musk’s assets reached about 300 billion dollars. But this year’s events, including the acquisition of Twitter, have reduced that figure considerably. More and more investors are concerned about the billionaire’s ability to manage the Tesla business, while paying close attention to Twitter. At Masks at the end of October acquisition of Twitter completed for $44 billion, the value of Tesla shares fell by more than 50%. To finance this expensive purchase, Musk also sold Tesla shares worth several billion dollars.
At the same time, Tesla’s stock value is being negatively impacted by growing concerns about an economic downturn in 2023 and rising interest rates, making it less attractive to buy those shares.
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