Elon Musk loses more than 12 billion USD a day
Yesterday (May 18), Elon Musk shared on Twitter that he had switched from supporting the Democratic Party to the Republican Party. The Tesla CEO also expressed his views on the ESG Index and responded to some users of Twitter – the social networking platform that he agreed to buy for $ 44 billion.
Meanwhile, Tesla shares fell to the lowest this year, “knowing” $ 12.3 billion from the fortune of the 50-year-old billionaire. Twitter stock also extended its losing streak.
Since making an offer to buy Twitter last month, Elon Musk’s fortune has fallen by $49 billion, in part due to a market plunge. In addition, some Tesla investors are also concerned that he will sell shares of the electric car company to pay for this deal.
According to Bloomberg Billionaire Index, Elon Musk is still the richest person in the world with a fortune of $209.9 billion. He is the world’s third-largest loser this year, behind only Changpeng Zhao of Binance (worth $81 billion down) and Amazon founder Jeff Bezos (down $62 billion).
On Twitter yesterday, Elon Musk wrote that the S&P 500 ESG Index was “a scam”, after Tesla was excluded from the index. This is an index that includes stocks of companies that meet certain standards in terms of environmental protection, social responsibility and corporate governance.
Musk also forecast that “political attacks” against him “will escalate dramatically in the coming months.” On Twitter yesterday, Elon Musk wrote that the S&P 500 ESG Index is “a scam.” after Tesla was dropped from this index. This is an index that includes stocks of companies that meet certain standards in terms of environmental protection, social responsibility and corporate governance.
In another tweet, Musk stated that he previously supported the Democrats because “they are basically a decent party,” but that he has now changed his mind.
“They have become a party of division and hatred, so I no longer support them and will vote Republican,” the Tesla CEO wrote.
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