Tesla stock tumbles, Elon Musk no longer world’s richest person

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The value of Tesla stock has fallen more than 20 per cent since January, relegating CEO Elon Musk to second place on the international rich list. On 8 January 2020 – less than two months ago – shares in the electric vehicle manufacturer were valued at an all-time high of US$880.02 (AU$1108). However, by February 23 that price had fallen 20.68 per cent to US$698.84 (AU$879.88).

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