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Text|Yuda understands
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Tesla Inc.'s stock price saw a big drop on Monday, falling by 716%。According to the preliminary data released by the Passenger Association, Tesla's sales of Chinese-made vehicles in February were 60,365, down nearly 16% from the previous month and about 19% year-on-year. The news also caused Musk to lose his position at the top of the global billionaires list, which was replaced by Amazon founder Bezos. Currently, Musk's net worth is $197.7 billion, while Bezos' fortune is $200.3 billion.
Tesla's stock price has exposed Musk's challenge in the Chinese market, and the resulting stock price has also caused Musk to lose the leading position in the global billionaires list. In addition, Tesla's car sales in the Chinese market in February fell year-on-year and month-on-month, and also fell by 19% compared to last year, which shows the unfavorable situation of Tesla in the Chinese market. Bezos' rising fortune means that the founder of Amazon has reached the top of the global rich list for the first time.