The magazine writes that Elon Musk, the head of Tesla, SpaceX and Twitter, lost $14.5 billion in a week. forbes.
Journalists of the publication estimate Musk’s fortune at the moment at $ 187.9 billion. It is noted that his capital is reduced due to the fear of investors that Tesla’s profit will be lower than expected. Tesla shares were down 10.8% for the week. That was because of the company’s quarterly report, which said many of its electric vehicles were piling up in warehouses.
Previously reportedThat Tesla plans to build a Megapack energy storage facility in Shanghai. A Tesla electric car factory is currently operating in Shanghai. Combining Model 3 sedans and Model Y crossovers China is Tesla’s second largest sales market after the United States, with sales in China in 2022 accounting for 22.3% of the company’s revenue. Tesla announced in March that it was expanding production at its subsidiary in China.