# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/ClRD5zhK9I1
- **Gondola URL:** https://gondola.cc/posts/17862432-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/legacy-do/8bf096fb32b43bff3d2a31050be918294cf72bf2e63adfb2484c7b593a2305df.jpg
- **Posted:** 2022-11-22T14:28:15.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

Elon Musk’s fortunes suffered a serious dent this year, as the shares of his electric vehicle venture Tesla Inc. languish. Follow benzinga

What Happened: Musk’s net worth stood at $170 billion, based on Tesla stock’s closing price on Monday, the proprietary billionaires’ index compiled by Bloomberg showed. Year-to-date, the world’s richest man has lost about $101 billion of wealth, the first time he has lost over $100 billion in a year, Bloomberg said.

Musk’s fortunes are closely tied to Tesla stock via the stake he holds in the electric vehicle venture. He also owns a 44% stake in SpaceX, which is still a closely-held company.

Tesla shares have been on a downhill since the start of the year. After closing at a two-year low on Friday, the stock fell 6.84% on Monday before settling at a fresh two-year low of $167.87, according to Benzinga Pro data.

Tesla is down about 29% in the year-to-date period and has pulled back a whopping 60% from its all-time high of $414.50 reached on Nov. 4, 2021. When Tesla's stock price peaked, Musk’s net worth was at around $340 billion. Find out more on benzinga.com, link in bio. benzinga
.
.
.
.
.
.
.
#money #earnings #business #stocktrading #entrepreneur #investing #billionaire #trading #forex #crypto #cryptocurrencies #elonmusk #tesla #china #stockmarket #stockmarketinvesting #profits #financefreedom #investing101 #wealthy #wealth #wallstreet #spacex #stockstowatch #economy #tradingstrategy #news

## Stats

- **Views:** 0
- **Likes:** 248
- **Shares:** 0
- **Comments:** 17

## Tags

money, economy, trading, stockmarket, earnings, stockstowatch, cryptocurrencies, tesla, spacex, investing, financefreedom, wallstreet, stocktrading, wealth, stockmarketinvesting, forex, wealthy, china, news, billionaire, investing101, business, profits, entrepreneur, tradingstrategy, crypto, elonmusk

---
Copyright (c) Gondola