After becoming the world's richest person, Space X and Tesla CEO Elon Musk has now fallen back to second place in just a few days after topping the Forbes' rich list. Musk has fallen behind Amazon CEO Jeff Bezos after the share of his electric vehicle company Tesla slipped recently.
Monday's sharp drop wiped off Musk's fortune by USD 13.5 billion. Tesla shares plunged by 8% on Monday. This was Tesla's largest one-day fall since late September. Musk overtook Amazon founder Jeff Bezos as the world's richest man with a whopping $195 billion net worth last week, Bloomberg reported. Reuters Photo
According to the details available on the Registrar of Companies website, Tesla India Motors and Energy Private Limited has been incorporated and the registered address is in Lavelle Road, Bengaluru, the news agency IANS reported. "Tesla registered its Indian subsidiary with the Registrar of Companies (RoC) in Bengaluru on January 8, with Rs 15 lakh authorised capital and Rs 1 lakh paid-up capital. Tesla India Motors and Energy Ltd has been opened in the city centre, with Vibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein as its directors," said the company in its filing with the RoC. Reuters Photo