I Am Selling Almost All of My Assets: Elon Musk

Entrepreneur and billionaire Elon Musk plans to sell nearly all of his assets. A corresponding post appeared on his Twitter account.

He added that he considers the value of his Tesla company's shares to be overly high. Following his remarks, the stock price dropped by 7.1%, reaching $711.5.

According to the latest estimate by Bloomberg, Musk's wealth exceeds $39.8 billion, making him the 22nd richest person in the world. In addition to Tesla, Musk also leads SpaceX. His primary investments are related to alternative energy and commercial space services.