The Tesla CEO—still the world’s richest person—now sits on a $263.3 billion fortune, Forbes estimates. Last month, he was worth more than $300 billion
Shares of Nasdaq-listed Tesla, which comprise the majority of Musk’s net worth, dropped 6.1% on Thursday. The dip comes amid a 1.7% drop in the Nasdaq Thursday; shares of electric carmaker Lucid Group fell 18%.
Meanwhile, Musk has been selling Tesla shares and exercising stock options at an unprecedented pace . Tesla is also facing regulatory scrutiny. On Tuesday, the National Highway Traffic Safety Administration announced it’s looking into a Tesla software update that allows drivers to play video games on a large touch-screen mounted on the vehicles’ dashboards, a day after theAnother possible factor dragging down Tesla’s stock price? The lack of big news.
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