Musk’s wealth decreases by $15billion after Tesla’s ‘We, Robot’ event

This is not the first instance of such a market reaction. A few months ago, in July, Musk’s net worth dropped after the ‘We, Robot’ event was delayed—it had originally been scheduled for August. At that time, Tesla’s shares fell by 7%, continuing to decline in August before showing slight recovery in September. Despite these fluctuations, Musk’s wealth remains greater than the market capitalisation of companies like McDonald’s and Pepsi.