Elon Musk’s fortune slumped by $16.1 billion (R304.72 billion) Thursday after Tesla Inc.’s weak third-quarter earnings weighed on shares.
Musk, who is the richest person on the planet with a fortune of $209.6 billion (R3.99 trillion), owns 13% of Tesla and derives the majority of his wealth from the auto company.
Tesla’s shares fell by 9.3% after it missed both earnings and...
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