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Elon Musk Drops Out of $200 Billion Club Again as Tesla Tumbles

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Why This Tesla Bull Cut Its Price Target by 29%

Elon Musk has once again fallen out of the $200 billion club. 

Musk, the world’s richest person, saw his fortune drop Tuesday by 5.4% to $192.7 billion as shares of Tesla Inc. slid almost 7%. The electric carmaker’s losses outpaced those of the broader S&P 500 Index, which ended the day down 0.8%.