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Elon Musk's Net Worth Drops $9 Billion as Tesla Stock Slides
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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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How might the loss of $9 billion impact Elon Musk's financial position?
What factors contributed to the weaker-than-expected quarterly results for Tesla?
What steps can Tesla take to regain investor confidence?
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