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Elon Musk's net worth falls below Mark Zuckerberg's after Tesla boss loses billions

After Tesla stock plunged by over 20 percent on Tuesday, the net worth of its CEO Elon Musk once again dipped below that of Facebook boss Mark Zuckerberg.

The freefall of Tesla stock this week came after investors were seemingly spooked by its exclusion from the S&P 500 by the index's committee last Friday, CNBC reported.

The business news website reported on Wednesday that Tesla stock had lost approximately one-third of its value in just over a week.

Original article
Author: Newsweek

Newsweek provides in-depth analysis, news and opinion about international issues, technology, business, culture and politics.

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