Elon Musk Disputes Reports Of Making $8.6M Every Hour: I 'Lose' Way More Every Time Tesla Stock Drops
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk disputed reports of his net worth rising by $8.6 million every hour, stating that he 'loses' more every time Tesla's stock drops. Musk owns more than 423 million shares of Tesla, representing a 13.4% stake in the company. Tesla shares closed at $250.22 per share on Friday, up 19,448% since listing. Musk is currently the richest person in the world with a net worth of $252.6 billion.
October 02, 2023 | 4:25 am
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NEUTRAL IMPACT
Elon Musk's comments about his wealth fluctuating with Tesla's stock price could potentially impact investor sentiment. Musk owns a significant 13.4% stake in Tesla.
Elon Musk's comments about his wealth being tied to Tesla's stock price could potentially impact investor sentiment, as it highlights the volatility of the stock. However, it's unclear whether this will have a positive or negative impact, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100