Elon Musk's estimated net worth dropped by $11 billion on Thursday as Tesla's stock fell nearly 7% following a Bloomberg report about the delay of its robotaxi service launch. Tesla's share price dipped to around $245, marking its first decline since June 24 and the largest since March 4. Musk's 13% stake in Tesla fell to $176.8 billion from $188.2 billion, decreasing his overall net worth to $247.3 billion.
The delay in the robotaxi service, now postponed from August to October for reworking, contributed to the decline. Despite the dip, Musk remains the world's wealthiest person, leading over Jeff Bezos.
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