  Elon Musk loses record $16.3 billion in six hours of trading September 9, 2020 - 14:32 AMT PanARMENIAN.Net - Tesla founder and CEO Elon Musk’s personal wealth plunged by $16.3 billion in just over six hours of trading on Tuesday, September 8, according to rich lists maintained by Bloomberg and Forbes, as shares of his company saw the worst tumble. The technocrat also skidded on the billionaires list. As per Bloomberg Billionaires Index, Musk was sixth richest person in the world and while on Forbes list, he was eighth. At the end of August, Musk had climbed to third position in these lists just after Jeff Bezos and Bill Gates, Economic Times says. Tesla stock plunged 21 per cent in Tuesday’s session, logging its biggest daily percentage drop as the electric carmaker was excluded from a group of companies being added to the S&P 500. Despite the steep fall, Musk has $82.2 billion worth of assets, according to Bloomberg. The founder of SpaceX and The Boring Company has made $54.7 billion this year, less than only Jeff Bezos’ $71.1 billion.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement  Blinken said it is an important step towards concluding a durable and dignified peace agreement.Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday.Up to 10% cashback from GetTransfer with IDBank cards IDBank clients who make their booking on GetTransfer will receive an exclusive cashback.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. |
