Elon Musk lost $20.3 billion in one day on Thursday, after Tesla's stock price crashed nearly 10%.

2026 World Cup By Arun July 21, 2023 Image By: Unsplash

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[{"selector":"#anim-2dc4201d-f8ce-4191-9044-7b36bca4aeb3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a52ed8bd-2842-473c-ad70-14790d59c0a8","keyframes":{"opacity":[0,1]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c82ed93-dca4-4188-9418-c874d687e9dd","keyframes":{"transform":["translate3d(0px, 57.27929%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ead1eb6-9c7a-4fa0-8705-dd7ceae26fe8","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40c93b5e-a3a2-41be-9c18-7fa47c217fee","keyframes":{"transform":["translate3d(-308.62067%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52bbb76f-150c-4e51-b9dc-9305b797f558","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-639ca7db-f32b-4ba1-a65c-4833eeee6b0b","keyframes":{"transform":["translate3d(0px, 211.81284%, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image By: Unsplash Shares of Tesla closed at $262.90 on the NASDAQ yesterday, down 9.7% from the previous day's close.

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[{"selector":"#anim-4fbdf027-91d0-44e3-91ab-ee659eabdef8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0ba5b0df-eb5a-4a55-b99e-f87a8732d643","keyframes":{"opacity":[0,1]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3744ac7d-8ac8-4ba6-ae38-74e302e989bf","keyframes":{"transform":["translate3d(0px, 57.27929%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f19db509-f216-4204-bc1a-a9e958c21cec","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d1942d7-1866-4652-b878-1e1059cdea1e","keyframes":{"transform":["translate3d(-308.62067%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-359d470c-134a-41c7-ab22-d07bd36e8784","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-77ed545d-6999-4367-a8e1-8b10ebafcfda","keyframes":{"transform":["translate3d(0px, 279.47520%, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image By: Unsplash And it was the biggest single-day loss for Musk's net worth since October 2021.

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[{"selector":"#anim-5bb2b944-7497-40e6-b89c-b392535857ee [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0c03b8d2-2620-4547-a533-dabb86450d9f","keyframes":{"opacity":[0,1]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9dd32d9-1989-4823-907f-200d9dbcb42d","keyframes":{"transform":["translate3d(0px, 57.27929%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-88ff6a01-6b36-4dbd-b388-30e15dc8ec68","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b34067f0-9743-48cd-8ae3-e4c787384967","keyframes":{"transform":["translate3d(-308.62067%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5db0635e-0d95-407c-bfce-c0129984e8ca","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-501514dd-23fa-4dcd-8192-de1e86b8c69b","keyframes":{"transform":["translate3d(0px, 279.47520%, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image By: Unsplash Musk's wealth is closely tied to the performance of Tesla's stock price.

[{"selector":"#anim-ec703892-2d1e-4a23-9308-edb7c8467f12 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-478a0a66-b601-4817-bfae-8ad733c7bc48","keyframes":{"opacity":[0,1]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f27a1f8d-7460-4bd7-8eab-c5e3108a1a7f","keyframes":{"transform":["translate3d(0px, 57.27929%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-62f51778-6d7b-45fe-afba-653fe35e4bb5","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c79f7181-e950-47c2-8ed3-26a58288762c","keyframes":{"transform":["translate3d(-308.62067%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d9d2b76-387d-4731-98bc-b46cbed27270","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7dbae282-fb9b-4a2a-b9a6-f2cf9455e101","keyframes":{"transform":["translate3d(0px, 211.81284%, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image By: Unsplash He owns about 13% of the company, and his net worth is estimated to be around $234 billion.

[{"selector":"#anim-8b57d950-637b-4675-888a-1364211678ae [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-db2e61e4-3f12-407f-8fde-8e9f7d407194","keyframes":{"opacity":[0,1]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b6868772-314a-4dc4-8c84-a1e720373f2d","keyframes":{"transform":["translate3d(0px, 57.27929%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cfde97f6-c581-4c8d-811c-05f36a22d27f","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ceedd33-3047-4c2e-b43d-3cd07f59589d","keyframes":{"transform":["translate3d(-308.62067%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cf910c0-6553-4929-a391-ef452e01990c","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c595f3d4-9ee0-4271-b04a-896af59b3ff0","keyframes":{"transform":["translate3d(0px, 170.52732%, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image By: Unsplash The recent sell-off in Tesla's stock price has narrowed the gap between Musk and the world's second-richest person, Bernard Arnault.

[{"selector":"#anim-c7ad6798-cfef-4cbc-ab78-73fd81035bdf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5edabe6f-dec9-4a02-9a27-03199b66c2e8","keyframes":{"opacity":[0,1]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c474fbd1-a593-4834-a08e-be69137ec1da","keyframes":{"transform":["translate3d(0px, 57.27929%, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-77d2d2e5-0315-472f-9c0b-eee5c4047727","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0d0b9d4-97d0-4234-8533-b65c74aa55a7","keyframes":{"transform":["translate3d(-308.62067%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1415bb5f-8506-4486-9116-bd63f2d0d916","keyframes":{"opacity":[0,1]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33eff455-4dea-444c-b8e2-24c29a55687c","keyframes":{"transform":["translate3d(0px, 279.47520%, 0)","translate3d(0px, 0px, 0)"]},"delay":120,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image By: Unsplash Arnault, the chairman and CEO of LVMH, is now worth an estimated $201 billion.