"Bernard Arnault Overtakes Elon Musk as World's Richest Person Amid Tesla Stock Decline"

Elon Musk has lost his title as the world's richest person to Bernard Arnault, the head of LVMH, due to a significant drop in Tesla's stock price, resulting in a $200 billion loss in market value. Musk's personal net worth is now estimated at $205 billion, down from a peak of $320 billion in November 2021. Tesla faced setbacks including a stock price plunge, challenges in Europe's car market, allegations of drug abuse by Musk, and a disappointing Q4 earnings report. Musk's wealth now depends on whether Tesla is valued as an AI company or a car manufacturer, with potential for further decline if it's re-rated as the latter. Bernard Arnault's wealth surged to $208 billion after a 12% share price gain for LVMH, posing a challenge to Musk's position.