Musk loses $1bn in 2 min as Tesla shares tumble

Elon Musk saw $1.1 billion wiped from his net worth in the first two minutes of New York trading as Tesla Inc shares sank as much as 11%. The fall cut his net worth to $22.3 billion on the Bloomberg Billionaires Index as of 9:32 am. The company had reported a record decline in deliveries during the first quarter, down to 63,000 vehicles from 90,966.

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