Musk’s losses in 2022 hit $140bn after losing his title as the world’s richest man despite his wealth becoming one of the largest in history.
Musk’s too much attention on Twitter causes him to lose more than half of Tesla’s shares in terms of value.
Nonetheless, musk selling large quantities of Tesla shares meanwhile, Twitter is losing too much amount of money.
Musk reportedly sells additional $22 million Tesla shares in the market worth $3.3bn in total transaction.
The electric car maker’s shares traded at $340.79 on 13 April, the day before Twitter revealed in a regulatory filing that the billionaire had made a hostile bid to buy the social media company for $44 billion.
Tesla has lost nearly half its market value since its founder, Elon Musk, bid for Twitter in April, reducing his net worth by about $70bn and putting his title as the world’s richest person at risk.
Elon Musk loses $140 billion this year as Tesla stock posts its longest losing streak