Let’s face it: Elon Musk has been in the news a lot recently. But, while everyone is talking about his bid for Twitter Inc (NYSE:TWTR), Tesla Inc (NASDAQ:TSLA) stock has dropped nearly 20% in the last week alone. Last Friday, the stock opened above $1,000 a share. Mid-morning Thursday, shares were at $831.
Musk is by far the biggest Tesla shareholder with 172 million shares. Tesla’s stock has dropped more than $180 in the last week, at press time. This means that Musk’s stake has taken a hit of more than $30 billion in the last five trading days alone.
