Category Archives: Elon Musk

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019.

Mike Blake | Reuters

Tesla CEO Elon Musk is no longer the richest person in the world. He ceded that title to LVMH chairman and CEO Bernard Arnault at the close on Monday, according to Forbes.

Tesla shares closed down about 6.3% for the day, and have more than halved in value this year partially due to a sell-off that accelerated in the wake of Musk's $44 billion Twitter acquisition.

Musk's wealth, mostly tied to Tesla stock, was propelled by a meteoric rise in the carmaker's share price, which rocketed more than 1,000% in two years.

Arnault, through holding vehicles and family trusts, owns a little over 60% of LVMH's voting share class, according to SEC filings. Arnault is worth $186.2 billion, according to Forbes.

According to FactSet data, Musk presently owns 14.11% of Tesla's outstanding shares, with a market value of $530 billion. Musk also owns more than 40% of SpaceX shares, adding billions on paper to his net worth, based on a $125 billion private market valuation from June 2022.

In a down year for stocks, LVMH shares have dropped just 1.5% in 2022. LVMH is based in Paris and is listed on Euronext Paris.

The Bloomberg Billionaires Index, which uses slightly different methodologies, was updated on Tuesday to also rank Musk's fortune behind Arnault.

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Elon Musk is no longer the richest person in the world

1. Elon Musk was always a visionary jerk, bad boss at SpaceX, Tesla. But it won't work at Twitter.  Business Insider
2. Tesla shares only going to go down from here as inflation, competition, and Elon Musk take their toll, say analysts  Fortune
3. Analysts are screaming that Elon Musk's Twitter obsession hurts Tesla  Business Insider

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Elon Musk was always a visionary jerk, bad boss at SpaceX, Tesla. But it won't work at Twitter. - Business Insider

The other cancel culture: What HBO and Elon Musk have in common  Haaretz

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The other cancel culture: What HBO and Elon Musk have in common - Haaretz

Joe Rogan Accuses the US Government of Targeting Elon Musk With Bots: I Guarantee It  EssentiallySports

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Joe Rogan Accuses the US Government of Targeting Elon Musk With Bots: I Guarantee It - EssentiallySports

Elon Musk gave $5.7 billion to charity last year. Where the money went was a mysteryuntil now  Fortune

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Elon Musk gave $5.7 billion to charity last year. Where the money went was a mysteryuntil now - Fortune

1. Elon Musk says he will begin restoring previously banned Twitter accounts next week  CNN
2. Elon Musk says Twitter will offer 'amnesty' to suspended accounts  BBC
3. Elon Musk says Twitter is granting amnesty to suspended accounts  CNBC
4. Musk will restore Twitter accounts banned for harassment, misinformation  The Washington Post
5. Elon Musk Says He Will Reinstate Suspended Twitter Accounts  The Wall Street Journal
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Elon Musk says he will begin restoring previously banned Twitter accounts next week - CNN

1. Elon Musk has himself to blame for Twitter's advertising woes, civil rights groups say  CNBC
2. Elon Musks free speech agenda dismantles Twitter's ability to police content  The Washington Post
3. Elon Musk never cared if Twitter was a business failure he wants a political win  The Guardian
4. The only constant at Elon Musk's Twitter is chaos  The Verge
5. Elon Musk's revival of Trump's Twitter account shows his political mission  MSNBC
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Elon Musk has himself to blame for Twitter's advertising woes, civil rights groups say - CNBC

1. Twitter boss Elon Musk gives ultimatum to employees  NPR
2. Elon Musk says he will find a new leader for Twitter  Reuters
3. Elon Musk Gives Twitter Employees a Deadline to Stay or Leave  The New York Times
4. Elon Musk demands Twitter staff commit to 'long hours' or leave: Read the email  CNBC
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Twitter boss Elon Musk gives ultimatum to employees - NPR

1. Elon Musk's $50 billion payday trial: Tesla CEO testifies in his own defense  CNN
2. Elon Musk defends "jaw-dropping" Tesla pay package in trial  Axios
3. Musk Testifies in Trial Over His Tesla Compensation Package  The New York Times
4. Elon Musk says he'll replace himself as Twitter CEO 'over time' as he defends $55 billion Tesla pay package  Fortune
5. I think comedy is legal. Elon Musk evasive, jokes his way through testimony in Wilmington courtroom  WHYY
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Elon Musk's $50 billion payday trial: Tesla CEO testifies in his own defense - CNN

1. What Weve Learned From Elon Musks Tweets  The Atlantic
2. Op-Ed: Elon Musk's Twitter shows its dark side  Los Angeles Times
3. Twitter lost more than 1.3 million users in the week after Elon Musk bought it  USA TODAY
4. 'Weak, pathetic, and cruel': HR managers weigh in on Elon Musk's Twitter mass layoffs  Fortune
5. Elon Musk owns Twitter. These are the men he put in charge  The Washington Post
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What Weve Learned From Elon Musks Tweets - The Atlantic