Elon Musk, founder of Tesla, SpaceX, OpenAI, and Twitter owner, lost $18.4 billion in a single day after Tesla shares sank. This is proven by data Forbes Real Time.
Shares of the company tumbled by around 10% following the release of a report for the second quarter of 2023, which disappointed investors. Tesla’s profit fell to its lowest level since 2021 and margins fell to a multi-year low of 18.1%.
Commenting on the failure, Musk quoted the words of the American poet Edward. He said the stock market was a “drunken psychopath” whose mood was unpredictable.
Currently, Musk is still the richest man in the world despite the losses.
The previous day, during the discussion of the Tesla report for the second quarter of 2023, Musk said: declarationwho do not understand the current economic situation in the world due to its frequent changes.
Former American journalist declarationThat Elon Musk periodically goes into “demon mode”.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.