Elon Musk just lost $3.3B on a double whammy

Elon Musk just lost $3.3B on a double whammy

11 February 2016, 06:25
Francis Dogbe
0
242
It's been an ugly stock market for most investors. But famed inventor and investor Elon Musk is having an exceptionally bad year - not just on one investment - but two. Musk's holdings in solar panel installer SolarCity (SCTY) and electric car maker Tesla (TSLA) are down a staggering $3.3 billion - just this year. Musk is the largest single owner of both companies - which together have handed all investors total market value losses of $14.8 billion this year. Both Musk's companies have been falling out of favor with....
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