Tesla chief executive Elon Musk on Tuesday continued to lose wealth at a record-setting pace after a mixed Tesla deliveries report.
Mr Musk is now the first person in the world to lose more than $200 billion, and is projected to lose even more, Bloomberg News reported.
More losses on Tuesday might push Mr Musk further down on the Forbes billionaires list.
He is currently in second place ahead of South Asian billionaire Gautam Adani, who leads the Adani Group conglomerate.
At the top is Bernard Arnault, owner of luxury goods group LVMH.
Mr Musk's wealth on Tuesday afternoon stood at $135.6 billion and Mr Adani had $125.5 billion.
The Tesla chief's valuation is being affected by electric vehicle maker's performance in 2022, which ranked among the worst in the benchmark S&P 500 index.
Tesla's shares last traded at $107.11, and its market value has declined by about $400 billion since Mr Musk secured financing to buy social media company Twitter.
Valued at about $340 billion, Tesla is still the world's most valuable car maker, even though its production is a fraction of rivals such as Toyota.
Tesla delivered 405,278 vehicles in the fourth quarter, short of analysts' estimates of 431,117, according to Refinitiv.
For all of 2022, deliveries rose by 40 per cent, missing Mr Musk's 50 per cent annual target.
Tesla unveils new semi-electric truck - in pictures
News agencies contributed to this report
Killing of Qassem Suleimani
Stamp duty timeline
December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%
April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.
July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.
March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.
April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.
Killing of Qassem Suleimani
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Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
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Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
The five pillars of Islam
UAE currency: the story behind the money in your pockets
