SpaceX's founder and Tesla chief Ilon Musk lost $ 1.1 billion in the first two minutes of trading on the NASDAQ, according to Bloomberg, citing Bloomberg Billionaires.
The reason for reducing Mask's status was the fall of Tesla Inc. shares by 11%. Stocks fell in price after the electric car maker reported on a record decline in car supplies in the first quarter of 2019.
Note that the state of the mask has been reduced to 22.3 billion dollars. At the moment, the billionaire continues to lose money, but the amount of losses has decreased to 674 million dollars.
Previously, it was reported that Tesla company decided to transfer all sales to online. This will allow the organization to stay afloat and sell cars with discounts of up to 6%.