On Aug. 9, Musk told fans he was done selling Tesla shares to fund a possible Twitter acquisition. He wrote, in a tweet, “In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.”
Compared to the Nasdaq Composite which has slumped about 33% year to date, Tesla shares plummeted 46%, wiping out a big amount of Musk’s fortune. Nonetheless, the 51-years old mega-billionaire is still the world’s wealthiest person with a net worth of close to $200 billion, according to Forbes.
At a conference last week, Musk told hedge fund manager Ron Baron that his “workload went up from about, I don’t know, 78 hours a week to probably 120.”
