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Elon Musk's net worth fell by $9 billion as Tesla stock slid due to a notable analyst downgrade and weaker-than-expected quarterly results from smaller electric vehicle competitors. Tesla's stock sank 5.5% to $210, resulting in a $39 billion market capitalization loss. Musk, who owns about 13% of Tesla shares, lost $8.7 billion on Thursday, bringing his estimated net worth to $223.7 billion.

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