Elon Musk-led Tesla loses over $230 bn in market value in 4 weeks

Tesla's market value has fallen by over $230 billion in the past four weeks to around $574 billion after a sharp decline in its shares. On Friday, Tesla's shares closed at $597.95, the lowest since December 3. As per Forbes, Tesla CEO Elon Musk slipped to the third position in the list of billionaire rankings as the stock tumbled.