Tough Year for Musk: Tesla Troubles, Twitter Tumult Lead to $40B Wealth Drop
• Elon Musk's net worth drops by $40 billion in 2024 due to plunging Tesla stock price • Tesla stock declines 29% amid weak China sales and rising local competition • Delaware court rejects Musk's $55 billion compensation package • Musk's Twitter faces advertiser exodus, revenue issues, lawsuits from laid-off employees • Musk drops to 3rd richest behind Arnault and Bezos on Bloomberg Billionaires Index