Elon Musk loses his position as the world's richest person to Bernard Arnault of LVMH.
According to Forbes, Elon Musk is no longer the richest person in the world. The French multinational corporation LVMH has dethroned the business tycoon to take over the number two slot on Forbes' list of the world's richest people.
According to Forbes, Arnault is currently worth an astounding $188.6 billion, while Musk is valued at $176.8 billion.
The SpaceX CEO's contentious acquisition of Twitter has been heavily blamed for the decline in his net worth, and many have pointed to the $44 billion deal as one of the factors contributing to the decline in Tesla stock prices.
According to Matt Maley, chief market analyst at Miller Tabak, "the big issue is that many investors have lost some trust in Tesla because Musk is being compelled to devote so much of his attention on Twitter." According to other analysts, Musk's focus solely on Twitter at such a crucial time for Tesla is "not a good look."
Concerns among Tesla's investors that Musk's acquisition of the microblogging platform would be a distraction have been confirmed by his frequent tweeting and growing concentration on politics.
He sold over $7 billion worth of Tesla shares earlier this year, stating that it was crucial to prevent an emergency sale of the company's stock amid a legal dispute with Twitter.
India's budget would face severe challenges during the upcoming fiscal year.
Indian Prime Minister Narendra Modi's administration will deliver its final budget for a complete fiscal year on February 1 before he and the
Uzbekistan imprisons demonstrators due to discontent against the government
22 persons, including a journalist, were given varied prison sentences by an Uzbek court for the fatal uprising that occurred in the independent
Bahraini prisoners suffer long-lasting "wounds" as a result of torture
According to a recent investigation, torture and other alleged breaches they allegedly faced during their arrest, questioning, and detention are
The 150-day march of Gandhi is over. Will it, however, reinvigorate Congress?
On the final day of his over 150-day cross-country "unity" march, hundreds of people defied the bitter Himalayan cold to gather in Srinagar, the
NATO commander calls on South Korea to increase military aid to Ukraine
Jens Stoltenberg, the secretary-general of NATO, has asked South Korea to step up its military aid to Ukraine, citing other nations that have
More Russian military have moved into the Ukraine border region: Governor
According to the regional governor, Russia has sent more troops and equipment to its western Kursk region along the Ukrainian border. Roman
Finland declares it will support Sweden's NATO application.
According to Finland's foreign minister, despite a potential Turkish stumbling block on Sweden's NATO application, both countries still intend to
Death toll from Peshawar mosque explosion rises to 32
A suspected suicide explosion targeting police officers at a mosque in the Pakistani city of Peshawar has left over 30 people dead and 150 others
India's Adani Group loses $48 billion in stocks due to allegations of fraud.
After a US investment firm said that Gautam Adani, the richest man in Asia, had engaged in "brazen" corporate fraud, shares of his business empire
India forbids the BBC's Modi film, "Ghosts of Gujarat"
The 2002 Gujarat riots are the subject of a BBC documentary that sparks a media frenzy in India. Additionally, the labor movement vs. the UK
At a memorial for death camps, Russian "megalomania" in the Ukraine war is mentioned.
A recent massacre in Ukraine by Russian soldiers has been linked by the head of the Auschwitz Nazi death camp memorial to similar misery endured
High-stakes presidential primaries are held by the Maldives' ruling party.
In a primary that will be held by the Maldives' ruling party, current President Ibrahim Mohamed Solih will face off against Mohamed Nasheed, a
Afghan artist who is currently a refugee discusses the predicament of women
Thousands of Afghans left the country when the Taliban took back control in August 2021 out of concern for restrictions on their freedoms. One of
Egypt's "oldest and most complete" mummy
Near Cairo, Egypt's capital, archaeologists unearthed a Pharaonic tomb with what may be the oldest and "most complete" mummy ever found
UN denounces M23 rebel assault on DRC town as hundreds of people escape
The M23 rebel onslaught in the east of the country, which prompted 450 people, including women and children, to flee to the area near the UN
US sanctions Wagner Group's financial support from a Chinese company
For allegedly providing satellite footage of Ukraine to support the mercenary Wagner Group's military operations for Russia, the US has sanctioned a
After securing combat tanks, Ukraine wakes up to devastating attacks
During the wave of missile and drone attacks that Russia launched against Ukraine, at least one person was reported dead in Kyiv. A day after
Overview of the Middle East: Turkey, Sweden, NATO, and the Quran
NATO negotiations between Sweden and Turkey are broken off, the chief prosecutor of Lebanon and the judge who is trying to indict him square off,
"Killing spree" in Iran as the authorities crack down on opposition
Alireza Akbari, a British-Iranian national and former deputy defense minister, was executed by Iran recently on suspicion of spying for the United
The Bank of Canada raises rates, becoming the first large bank to do so.
The Bank of Canada became the first significant central bank fighting global inflation to declare it would probably delay future rises for the time