On March 4, local time, Tesla's stock price was sharply **716% to close at 18814 US dollars, resulting in the evaporation of 46.1 billion US dollars, or about 332.3 billion yuan, in market value overnight.
According to the Bloomberg Billionaires Index, Tesla CEO Elon Musk, 52, currently has a net worth of $197.7 billion, surpassed by Amazon founder Bezos's $200.3 billion. This marks the 60-year-old Bezos' first return to the throne as the world's richest man since 2021.
Some analysts believe that Tesla's stock price on Monday is significantly related to its latest Chinese sales data; In addition, Tesla's price cuts and new incentives in China have also highlighted the intense pressure of competition in the market.
According to the February 2024 NEV wholesale sales estimate released by the China Passenger Car Association, BYD's wholesale sales will be 121748 units, and Tesla's wholesale sales in China will be 60,365 units. Tesla's sales fell 19% year-over-year to their lowest level since December 2022. It is worth noting that February is the Chinese New Year holiday, and there is a relative decrease in car buying activity.
Musk lost his position as the world's richest man for the first time in nearly nine months, while Bezos regained his position as the world's richest man for the first time since 2021.