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.


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.


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.


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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