Elon Musk loses $ 16 billion in one day 500 listed on the US Stock Exchange.

Billionaire Elon Musk, founder and owner of Tesla and SpaceX, has lost more than $ 16 billion, according to the Straits Times on September 9, 2020. US dollars only for one day.

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According to the source, the reason why he lost more than 16 billion dollars is because he decided to leave the S&P 500 index, a group that facilitates the stock market index of a large number of companies. 500 listed on the US Stock Exchange.\


And the fact that Elon Musk removed Tesla from the S&P 500 index caused Tesla's total publicly traded stock to plummet. Tesla shares fell more than 21 percent to $ 109 billion. And a 21% drop in Tesla shares has cost Elon Musk about $ 16 billion.

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Also, in the last three days, not only Elon Musk's Tesla has lost hundreds of billions of dollars, but many other well-known companies. Such a stock fall.


In fact, in the last three days, companies that have dropped the total share price traded publicly include Apple, which dropped $ 325 billion, Microsoft dropped 219, Amazon fell. 191, Alphabet fell 139 and Facebook dropped its share price to more than $ 89 billion. This is according to the publication of CNBC on September 8, 2020.

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Adding the money owed by Elon Musk's Tesla and the other five companies, the six companies lost a total of nearly $ 1 billion.

Article by: Mesii 

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