Elon Reeve Musk is a well-known business magnate and investor. He is the co-founder of six companies, including electric car maker Tesla, space exploration company SpaceX, and tunneling start-up The Boring Company. In Tesla Motors, he owns about 25% between stock and options.

American aerospace company SpaceX was founded in 2002. It will be worth about $127 billion after a funding round in May 2022. The company has quadrupled its value in three years.

Boring company is one that aims to defeat traffic. The company raised $675 million in April 2022 at a $5.7 billion valuation.

There were some issues between Twitter and Elon Musk. Later the twitter board agreed to sell the company to Musk for $44 billion in April 2022, and the deal was closed in October 2022. He now owns 74% of the company.

Elon Musk, The First Person Ever To Lose 200 Billion Dollars!!

Elon Musk, one of the world’s richest men, became the fastest loser in 2022. He became the only person in history to ever lose $200 billion in wealth after Tesla shares dropped. Which resulted in his total wealth falling to $137 billion according to the Bloomberg Billionaire Index.

Elon Musk’s wealth is attached to Tesla, whose stock plunged 65% in 2022. It resulted in weakening demand due to competition from other established automakers. He became the only person in history to experience a direct $200 billion-dollar loss from his net worth. He has to sell lots of shares in order to cover his Twitter purchase.

Even if today’s Tesla shares are down with their business strategies, it can easily beat the competition in the near future & its own competition as well. In his current position, this loss of money will not be a problem for Elon Musk.

Companies owned by Elon Musk

• Paypal

  In 1995, Musk founded Zip2, a company that gave maps and business directories to online news. This company was later acquired by Compaq, a computer manufacturer, for $307 million. Paypal, the word, comes from his online financial service company, X.com, and those letters became “Paypal.”

• SpaceX

  SpaceX, the American aerospace company signs up the world’s first space tourist for a starship flight around the moon. Musk started SpaceX in 2002 to make more affordable rockets. Musk was the chief designer of the Falcon rockets, spacecraft, and ship.

• Twitter

  Musk achieved global fame after buying Twitter. After buying Twitter, he tweeted that ” the bird is freed. ” It was a controversial acquisition for 2022. It all started in 2018, when he made multiple tweets about taking the company private at a value of $420 per share, which was taken as a joke. Later, the tweets were to be pre-approved by Tesla lawyers and both companies were to be fined $20 million.

• Tesla

  Tesla is an American multinational automotive company that manufactures and designs electric vehicles. Musk’s journey with Tesla started in 2004, when he became one of the company’s major founders. Tesla Motors was a company founded by Martin Eberhard and Marc Tarpenning. The Roadster, Tesla’s first car, was introduced in 2006.