Elon Musk is no longer a trillionaire

Elon Musk 不再是兆萬富翁


Introduction

Elon Musk has less than one trillion dollars now. His companies, SpaceX and Tesla, lost value.

Elon Musk 現在的資產少於一兆美元。他的公司 SpaceX 和 Tesla 的價值有所下降。

Main Body

In June, SpaceX sold shares to the public. The price was very high. Elon Musk became a trillionaire. He had about 1.32 trillion dollars.

六月時,SpaceX 向大眾出售股份。價格非常高。Elon Musk 成為了兆萬富翁,當時他擁有約 1.32 兆美元。

Then, people started to sell technology stocks. They worried about the cost of AI. SpaceX shares fell by 30%. Tesla shares also fell.

隨後,人們開始拋售科技股。他們擔心人工智慧的成本。SpaceX 的股價下跌了 30%,Tesla 的股價也同步下跌。

Most of Musk's money is in SpaceX. When the company value goes down, his money goes down quickly. Some experts say this is normal for new companies.

Musk 的大部分財富都在 SpaceX。當公司價值下降時,他的資產會迅速減少。一些專家表示,對於新公司來說,這是正常現象。

Conclusion

Elon Musk is still the richest person in the world. He has between 957 billion and 970 billion dollars.

Elon Musk 仍然是世界上最富有的人。他擁有 9,570 億至 9,700 億美元之間的資產。

Vocabulary Learning

📉 UP and DOWN

In this story, we see words that show if something moves higher or lower. This is very useful for talking about money or feelings.

The 'Down' Words

  • Lost value → The price became smaller.
  • Fell → Went down quickly.
  • Goes down → Moving lower.

The 'Up' Word

  • High → A big number or a tall position.

Quick Logic: If shares fell, then the person has less money.

Example from text: "SpaceX shares fell by 30%" → Musk has less than one trillion dollars.

Vocabulary Learning

trillionaire (n.)
A person who has one trillion dollars or more.
Example:Elon Musk was a trillionaire for a short time.
value (n.)
How much something is worth in money.
Example:The value of the house went up this year.
shares (n.)
Parts of a company that people can buy.
Example:I bought ten shares of the company.
stocks (n.)
The shares of a company or many companies.
Example:Many people invest their money in technology stocks.
experts (n.)
People who know a lot about a specific subject.
Example:The experts say the weather will be hot tomorrow.
Practice A2 words in a crossword