Original title: Tesla, Inc.The closing price fell below $600 for the first time in three months. Musk lost the title of the richest man in the world.

According to foreign media reports, the share price of electric car maker Tesla, Inc. has fallen continuously recently. As of Friday's close, the company's shares were down 3.78% at $597.95, the first time the stock had fallen below the $600 mark since December 3, 2020.

Tesla, Inc. shares fell another $1.55, or 0.26%, to $596.4 after the close on Friday local time.

Tesla, Inc. 's share price has fallen 11 per cent this week, about 27 per cent in the past month and more than 10 per cent so far this year.

As the share price fell, so did Tesla, Inc. 's market capitalization, falling to $573.944 billion local time on Friday, a far cry from the high of $837 billion reached in late January.

Despite the decline, the company's market capitalization is still much higher than that of Toyota ($207.628 billion) and General Motors Co($77.449 billion), Ford Motor($48.819 billion) and other automakers.

With the recent fall in Tesla, Inc. 's share price, the personal wealth of Tesla, Inc. 's chief executive (CEO) Elon Musk (Elon Musk) has also declined, resulting in the loss of his former title as the richest man in the world. It is reported that Musk holds a 22% stake in Tesla, Inc..