Elon Musk's net worth drops below $200 billion as Tesla shares slump

Washington: Elon Musk's net worth has dropped below $200 billion as investors dumped Tesla's shares on fears that the top executive and largest shareholder of the world's most valuable electric-vehicle maker is more preoccupied with Twitter, reported Reuters.

So far this year, data showed that Tesla shares have declined over 50 per cent. Over the past five sessions, they slid nearly 15 per cent.

In other news, the billionaire reportedly sold 19.5 million Tesla shares on Tuesday worth a little below $4 billion.

The sales of shares in his electric vehicle company came days after he formally took over the microblogging social media platform Twitter.