Friday, 24 March, 2023

Elon Musk Is No Longer The World’s Richest Person

<p dir="ltr">Elon Musk has lost&nbsp; the world&#39;s richest person&#39;s tittle, after further falls in the value of shares in his electric car company Tesla to France&rsquo;s Bernard Arnault, the CEO of the LVMH group. Musk is the chief executive of Tesla and its largest shareholder has sold about $20bn of it&#39;s shares to fund his purchase of Twitter. Tesla&rsquo;s market value has come under pressure partly as a result of disappointing quarterly results, and disruption at Shanghai factories<strong>.</strong></p>