Elon Musk’s Net Worth Falls Below $200 Billion With Tesla Stock Crash

Elon Musk’s Net Worth Falls Below $200 Billion With Tesla Stock Crash
Elon Musk arrives for the 2022 Met Gala at the Metropolitan Museum of Art in New York on May 2, 2022. Angela Weiss/AFP via Getty Images
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Tesla Inc CEO Elon Musk is no longer in the $200 billion club, of which he was the sole member, after the electric vehicle maker’s latest stock plunge, Bloomberg News reported on Wednesday.

What Happened: The billionaire entrepreneur’s net worth dropped to $192.7 billion on Tuesday as shares of Tesla fell nearly 7 percent.