[ad_1]
There aren’t a ton of people who can compete with Elon Musk when it comes to record breaking, both good and bad. The past year and this first remnant of 2023 have not brought particularly happy records for Musk and, after the recent disasters related to Twitter and the related uncertainties about the future, now another one arrives: from November 2021 when his assets amounted to 340 billions of dollars, enough to become the richest man on Earth, today that he has to “settle” for only 137 billion, the entrepreneur lost more than 200 billion, the largest loss to a person’s fortune ever recorded.
A reduction linked in large part to the decline in Tesla shares, which in the last twelve months have fallen by around 65% of their value and which represent a large portion of its assets. Compared to the end of 2021, there has been a general downsizing of many titles including those related to the world of innovation and technology, but there have also been less than exciting results for Tesla which have led to consequences such as cutting employees and blocking new hires.
Already in mid-December Musk had lost the record for richest man in favor of Bernard Arnault, CEO of LVMH, who now exceeds him by around twenty billion. Naturally, these are very relative problems and are mostly statistical curiosities, but it is indicative of the change of paradigm and of trust that is taking place on the markets.
Meanwhile Musk is trying to contain the troubles related to the acquisition but above all to the management of Twitter which is proving to be more complex than expected: the hemorrhage of employees apparently has no end while he himself, after asking for the opinion of users through a survey, he expressed his intention to step down as CEO as soon as he can find a worthy successor.
[ad_2]
Source link
