Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has fallen to the third spot on the list of the world’s richest people, just weeks after holding the number two position. This shift is largely due to a slump in Tesla’s stock price this year. Electric Struggles: Tesla has been the worst-performing stock in the S&P 500 this year. Analysts cite concerns about eroding margins from aggressive price cuts and a slowdown in the EV market. This decline has impacted Musk’s net worth, closely tied to Tesla’s performance. According to Forbes, his net worth has decreased by $3.9 billion to $187.9 billion. This place…
