(VOR News) – Due to the underwhelming performance of Tesla’s stock so far in 2018, Elon Musk’s net worth has dropped by more than $90 billion.
The poor performance of the stock is directly responsible for this. Musk’s wealth now stands at the following amount, even though it had previously exceeded 486 billion dollars.
The Bloomberg Billionaires List shows that since the start of 2025, the stock of the electric vehicle manufacturer has dropped by about 13.4%. The organization’s website was consulted in order to gather this information.
The Tesla net worth is $486.4 billion, down 27% from mid-December.
This is particularly true now that they have reached their maximum extent and are at their highest height. An estimated 60% of Musk’s wealth was made up of Tesla (TSLA+4.50%) shares and options. The basis for this estimate is an estimate. This might not be totally true, though.
The announcement by its Chinese rival, BYD, that all of its cars would come with a new “God’s Eye” feature for free caused Tesla’s stock to drop more than 6% during Tuesday’s trading session.
This plan was put into action after the announcement was received. The statement caused the value of the Chinese automaker’s shares to rise significantly. The action had a direct effect on this.
With a $350 billion valuation, Musk’s space exploration-focused business SpaceX is currently the most valuable in the world. SpaceX is one company that focuses on space-based environment research. This unexpected turn of events resulted in a significant boost in Musk’s riches.
He established the artificial intelligence company xAI at this time, which raised $6 billion and was eventually valued at $50 billion. He was the one who created xAI in the first place.
Over the past week, the value of Tesla’s stock dropped by 11%, the biggest drop since the company’s market fall in October. The most difficult week since the stock market meltdown was this one. This decline was caused by the company’s global sales performance falling short of forecasts.
The company failed to meet Wall Street’s expectations for sales and other key performance indicators (KPIs) following the release of its fourth-quarter earnings in January. At the time of the company’s full-quarter earnings report, this was the case.
However, according to the Wall Street Journal (NWSA -0.70%), Musk’s lawyer Marc Toberoff made a bid to buy out the entire firm’s assets on Monday, submitting the plan to the board of directors of OpenAI, an artificial intelligence corporation. Purchasing all of the company’s assets is part of the plan.
A possible purchase of all Tesla assets was suggested.
The ambition to purchase all of the company’s assets served as the driving force behind the offer proposition. According to insiders, the nonprofit that manages the artificial intelligence company received an offer of $97.4 billion from a group of investors led by Musk.
This information has been made public in the media. These investors are led by Elon Musk, the organization’s founder. Given that Musk is the company’s Tesla CEO, the offer was made in response to the topic.
Musk made this claim in a statement that his lawyer provided to the Wall Street Journal. He said that “it is time for OpenAI to return to the open-source, safety-focused force for good it once was.”
This comment was sent to the journalistic publication. The statement given to the Wall Street Journal was the receiver of the correspondence. “We are going to make sure that takes place.”
In response to Musk’s remarks, OpenAI CEO Sam Altman declared that the artificial intelligence company is not currently for sale. Altman’s answer to Musk’s statement is as follows.
SOURCE: QZ
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