In December, the Tesla boss lost his position as richest person in the world to Bernard Arnault, the chief executive of luxury goods company LVMH, which owns fashion label Louis Vuitton. The value of Tesla shares dropped around 65% in 2022, in part because of Tesla’s performance. Elon losses stemmed largely from a fall in value of shares in his electric car company Tesla, after he bought social media platform Twitter late last year. Will Elon Musk recover ?
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