Elon Musk's Wealth Drops $16.3 Billion USD in Record Single-Day Loss

Followed by Jeff Bezos’ loss of $7.9 billion USD.

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Automotive 
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With Tuesday’s mass stock sell-off, Tesla‘s stock saw a 21.06-percent drop in value — adding more salt to the wound after its denial into the S&P 500 Index.

The 21-percent stock drop amounted to a $16.3 billion USD loss for Elon Musk, which to date is the largest single-day loss recorded on Bloomberg’s Billionaires Index (BBI). The bad news continued as fellow tech billionaire Jeff Bezos saw a wealth decrease of $7.9 billion USD.

This speedbump comes after a series of bullish news from the electric vehicle manufacture, with Musk’s wealth on a rocketship thanks to his tranche payouts. For those sick to the stomach from the ups-and-downs experienced this week in the stock market, stay strong.

In other automotive news, Sturgis Motorcycle Rally may have caused 250,000 new COVID-19 cases.

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