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Elon Musk Loses $27 Bln Over Week Amid Huge Tech Sector Shares Selloff, Index Shows

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Tesla stock surged over 700% in 2020, causing billions in additional compensation for Musk under the terms of his stock-based compensation plan. For most of the…
Eccentric entrepreneur and SpaceX CEO Elon Musk’s fortune has plummeted by $27 billion in a week, as Tesla’s stock price has fallen significantly, eroding the billionaire’s net worth, Bloomberg Billionaires Index showed on Sunday.

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