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Musk's Wealth Declines $12 Billion Amid Tesla Revenue Drop

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Source: Forbes
Musk's Wealth Declines $12 Billion Amid Tesla Revenue Drop
Photo: Forbes
TL;DR

Tesla's shares dropped over 8%, leading to a $12 billion decrease in Elon Musk's net worth, amid concerns about upcoming expiration of federal EV tax credits and Tesla's recent revenue decline, with Musk warning of potential tough quarters ahead.

Topics:business#automotive-revenue#business#elon-musk#ev-tax-credits#stock-decline#tesla
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Musk Loses $12 Billion After Tesla’s Historic Revenue Drop  Forbes

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