Tesla’s Stock Dip Drops Elon Musk Behind Bezos To World’s Third-Richest Person (2024)

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Tesla’s Stock Dip Drops Elon Musk Behind Bezos To World’s Third-Richest Person (2024)

FAQs

Tesla’s Stock Dip Drops Elon Musk Behind Bezos To World’s Third-Richest Person? ›

The slide pushed Musk's fortune down by $4 billion to $192 billion, according to Forbes' estimates, ceding his crown as the U.S. richest man to Amazon founder Jeff Bezos, whose net worth grew to $195 billion.

Why did Tesla's stock drop? ›

Tesla shares plunged 29% in the first quarter, the worst period for the stock since the end of 2022 and the third-steepest quarterly drop on record. Investors are concerned about auto sales as the company faces increased competition from China and disruptions in Europe.

Who is more rich Jeff Bezos or Elon Musk? ›

Amazon founder reclaims title for the first time since the fall of 2021. Jeff Bezos is back on top. .com founder is once again the world's richest person, eclipsing Elon Musk and jumping atop the Bloomberg Billionaires Index for the first time since the fall of 2021.

How did Jeff Bezos overtake Elon Musk? ›

Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday. Musk now has a net worth of $197.7 billion; Bezos' fortune is $200.3 billion.

What is the Tesla stock prediction for 2025? ›

Tesla Stock Forecast 2024 & 2025

“Our 12-month price target is now $190 (from $220 prior), and is based on 50X (unchanged) applied to our updated Q5-Q8 EPS estimate, including SBC,” explained the investment bank.

What is the price target for Tesla in 2024? ›

Overall, Tesla's average Wall Street price target has dropped in 2024 by more than $45 to about $194 from $241, according to FactSet. Rivian's average target price is down to about $17 from $26, while Lucid's target price is down about $2 to $3.30.

Is a Tesla a buy or sell? ›

Is TSLA a Buy, Sell or Hold? Tesla has a conensus rating of Hold which is based on 8 buy ratings, 19 hold ratings and 7 sell ratings. The average price target for Tesla is $184.86. This is based on 34 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Who is the 1 richest person on earth? ›

1 Elon Musk. Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.

Who is No 1 richest person in world? ›

Bernard Arnault & Family

Bernard Arnault, the richest person in the world, is the CEO and chairman at Moët Hennessy Louis Vuitton (LVMH), the world's largest luxury goods company encompassing approximately 70 renowned fashion and cosmetics brands.

Who is richer than Elon Musk? ›

Meta CEO Mark Zuckerberg is officially wealthier than Elon Musk as Tesla's rapidly dropping stock tanks Musk's net worth.

Who is richest person in the world 2024? ›

Bernard Arnault maintains his position as the world's richest person in 2024, with a fortune of $233 billion, driven by LVMH's exceptional performance. His strategic acquisitions and focus on succession planning highlight his visionary leadership.

Who is the richest man in the USA 2024? ›

As of 20 March 2024, Elon Musk was estimated as the wealthiest person in the United States, with a net worth of around 194.2 billion dollars, followed by Jeff Bezos (No. 2, $192.8 billion), Mark Zuckerberg (No. 3, $174.3 billion); and Larry Ellison (No.

Will Tesla hit $2,000 a share? ›

Tesla (TSLA) stock is down more than 30% so far in 2024, but Ark Invest CEO Cathie Wood thinks "now is not the time to run for the hills." In fact, Ark has been buying the stock and thinks it could rise to $2,000 per share in the next five years, representing an increase of more than 1,000% from today's levels.

Can Tesla stock reach $1,000? ›

It's unlikely Tesla's returns going forward will come anywhere near resembling the last five years. So, investors shouldn't expect a $1,000 price per share by the end of the decade.

What will Nvidia stock be worth in 5 years? ›

Investors can expect the stock to make them richer

Based on a top line of $300 billion after five years, a sales multiple of 20 points toward a market cap of a whopping $6 trillion. That would be way higher than Nvidia's current market cap of around $1.35 trillion.

Who is the richest than Jeff Bezos? ›

Forbes estimates Bezos to be worth about $194.1 billion as of 2 p.m. EDT on Tuesday, and we estimate Musk to be worth about $193 billion. The wealthiest person in the world, per Forbes' list, is still LVMH's Bernard Arnault, who was worth an estimated $235.3 billion as of Tuesday afternoon.

Who are the 5 richest people in the world? ›

Among the findings, Oxfam highlighted how the personal fortunes of the world's five richest people — Tesla CEO Elon Musk, Bernard Arnault and his family of luxury company LVMH, Amazon founder Jeff Bezos, Oracle founder Larry Ellison and investment guru Warren Buffett — have more than doubled since 2020.

Is Mark Zuckerberg richer than Elon Musk? ›

Zuckerberg's total net worth of $178 billion surpassed Musk's $170 billion as of Friday, according to Bloomberg's Billionaire Index. Their fortunes, have risen $49.9 billion and dropped $59.2 billion so far this year, respectively.

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