4 Days
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الموجز
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Source: الموجز
4 Daysالموجز
Source: الموجز
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Elon Musk lost about $48.5 billion in a single day, as his fortune fell 5.3% to roughly $865 billion, according to the Bloomberg Billionaires Index. It remains about 89% higher than it was a year ago. The report attributed the decline to investors’ caution over tech-company valuations and the huge sums being spent on artificial intelligence and future technologies. Pressure on Tesla and concerns about returns from its projects, along with SpaceX’s valuation being sensitive to growth expectations, are also affecting Musk’s wealth. Its recovery depends on restoring investor confidence and his companies delivering financial results that support their valuations.
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