Tesla’s stock is down 15% so far this week, lowering the fortune of its billionaire cofounder. Yasin Ozturk/Anadolu Agency via Getty ImagesThe fortune of Tesla’s billionaire cofounder and CEO, Elon Musk, has plunged by more than $20 billion since Musk made his controversial appearance on Saturday Night Live last weekend. Tesla’s stock has also come under pressure amid bad news in China, a key market for the electric car maker. Thanks to his enormous Tesla compensation plan, he was paid nearly $11 billion last year, Forbes estimates, all in Tesla stock options. At $145.5 billion, Musk is still nearly $110 billion richer than he was a year ago.

Source: Forbes May 13, 2021 21:00 UTC