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Elon Musk Loses $6 Billion After Tesla Car Accident Killed 2 People

Elon Musk Loses $6 Billion After Tesla Car Accident Killed 2 People

Elon Musk Loses $6 Billion After Tesla Car Accident Killed 2 People

  • World’s second richest man, Elon Musk has lost $6 billion after Tesla stocks dropped on Tuesday

  • Stocks of the car company dropped by 3.8%, following news of an accident involving a Tesla vehicle

  • Two men died on Saturday when their 2019 Tesla car crashed into a tree

Tesla Technoking, Elon Musk has lost $24 billion, following news that a Tesla car caused the death of two people.

Elon Musk
Elon Musk

Two men in Houston were in a Tesla 2019 model when it ran into a tree.

Police authorities have revealed that the car may have been on autopilot based on the sitting arrangement of the deceased.

The police also had a tough time putting out the fire and even had to call Tesla for help.

Remains of the damaged vehicle

Although claims that the vehicle was on autopilot were not confirmed, the news has resulted in a 3.8% drop in Tesla stocks.

The drop in Tesla shares also caused Musk to lose $5.7 billion within 24 hours.

The CEO, Elon Musk has denied claims that the vehicle was on autopilot.

Musk believes that the Wall Street Journal did not cover the incident in a professional manner.

Read also: Musk Expects Tesla To Be Bigger Than Apple In A Few Months

Following the incident, Musk is now worth $183bn, and the gap between him and Jeff Bezos at the top is now $14 Billion.

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