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Elon Musk's $148 Billion Loss: Key Factors Behind the Wealth Decline of Billionaires

Musk's fortune dropped by $148 billion, mainly due to Tesla's stock decline.

Elon Musk's Wealth Loss:

Tesla faced a 70% drop in Germany and 49% in China.

Declining Sales in Key Markets:

Weakened investor confidence contributed significantly to Musk’s financial setback.

Investor Concerns and Sentiment:

Jeff Bezos, Mark Zuckerberg, and others saw a combined $209 billion loss.

Billionaire Collective Loss:

A downturn in stock markets and US government uncertainty impacted billionaire wealth.

Stock Market and Policy Uncertainty:

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