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Billionaire’s borrowing power has shrunk with Tesla share decline

Elon Musk’s wealth and borrowing power are now being tested as the Tesla Inc. shares that have fueled his fortune have sharply declined while he aims to stabilize his massive personal investment in Twitter Inc.

The auto maker’s share value has fallen 18% this week alone and more than 60% since Mr. Musk announced his plan to buy the social-media platform.


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