Elon Musk’s wealth slumps $20 billion as Tesla shares tumble

Tesla's warning about possibly having to keep cutting the prices of its electric vehicles led to a significant drop in Elon Musk's fortune by $20.3 billion. Musk's net worth of $234.4 billion is still higher than Bernard Arnault's, the chairman of LVMH, by about $33 billion. However, the wealth gap between the two billionaires is narrowing.

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