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Elon Musk has lost over $40 billion since deciding to buy Twitter

Hayden Walsh by Hayden Walsh
April 27, 2022
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Elon Musk has lost over $40 billion since deciding to buy Twitter
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Billionaire Elon Musk has lost more than $40 billion (about R$ 200 billion) since deciding to buy Twitter, according to the Bloomberg news agency.

The reason is the 12% drop in Tesla shares until yesterday, with investors fearing that the entrepreneur will sell a slice of his stake in the electric car maker to complete the acquisition of the social network.

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Since April 4, when Musk expressed interest in controlling Twitter, Tesla has lost $275 billion in market value. The value is six times greater than that combined for the purchase of the bluebird platform, of about US$ 44 billion.

With the loss accumulated in less than a month, it would be possible to acquire the Japanese Toyota (estimated at US$ 269 billion), up to three Volkswagens (US$ 89 billion), or up to six times Hyundai (US$ 49 billion).

Musk is the richest person in the world with a net worth of over $264 billion. Most of that fortune is linked to his stake in Tesla, in which he is the majority shareholder, with 17% of the shares.

The expectation is that the purchase of Twitter will be completed later this year, after approval by the regulatory authorities.

*With EFE and Estadão Content

Tags: BillionbuydecidingElonlostMuskTwitter
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Hayden Walsh

Hayden Walsh

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