Elon Musk misplaced $123 billion this 12 months as Tesla’s shares tanked. However he nonetheless has some huge cash left

His internet value tumbled $7.7 billion on Tuesday after Tesla shares had their steepest one-day loss since October.

The selloff provides to the woes of Musk, who misplaced his standing because the world’s richest particular person to luxurious tycoon Bernard Arnault on Dec. 13. Musk’s losses for the 12 months now whole $122.6 billion, exceeding the quantity he gained in 2021 when his fortune soared to rank…