Elon Musk is no more at the top of the world's richest person list last week it was reported that the tech billionaire has stepped down from the first position and Bernard Arnault has replaced him. According to the Forbes Real Time Billionaires list, Elon Musk’s net worth has fallen $7.7 billion on Tuesday after the market share of Tesla Inc witnessed the steepest loss since October. The Forbes report suggests that Musk is currently having a net worth of $185.8 billion at the time of writing this article.

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This is the lowest net worth of the popular billionaire in the last two years, it seems that Tesla is the main reason for the roller-coaster ride of his net worth. It has been reported that Tesla’s market shares have fallen by 6 percent on Tuesday and are now it's $140.86 which is as low as more than the last two years. Reports claim that Musk’s Twitter distraction is the major reason behind the dip in Tesla’s shares. A list of brokerages has cut their price targets by citing the company’s stock and Musk’s less attention towards the electric-car company.

Meanwhile, Ross Gerber shared a tweet saying, “Tesla stock price now reflects the value of having no CEO. Great job tesla BOD - Time for a shake-up. $tsla.” It seems that Gerber has launched this informal campaign to get some votes from fellow shareholders to become Tesla’s board of directors. However, Musk has replied to him without any delays.

In simple terms: As bank savings account interest rates, which are guaranteed, start to approach stock market returns, which are *not* guaranteed, people will increasingly move their money out of stocks into cash, thus causing stocks to drop.

“As bank savings account interest rates, which are guaranteed, start to approach stock market returns, which are not guaranteed, people will increasingly move their money out of stocks into cash, thus causing stocks to drop,” Elon Musk wrote.

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Elon Musk was expecting a growth of 50 percent delivery volume annually, but the target was missed due to logistic issues. It’s also worth noting that for the first time Tesla’s market value has collapsed below the half-trillion dollar mark. Let’s see what Elon Musk is planning to do to get things back on track.

Astec Lpt62 Power Supply Elon - you can’t compare a very short duration bank account with long duration $TSLA stock. The proper compare is the 10yrTY, which has dropped from 3.92% to 3.65% today. Since you closed on TWTR, TSLA -38% vs NDX -1%. If it was all int rates, NDX would be down a similar amount.