Tesla CEO Elon Musk is no longer the world's richest person, Amazon CEO Jeff Bezos back as world's richest man

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 news agency IANS, a 4.8 per cent rally in Tesla's share price on Thursday took Musk past Bezos, with a net worth of $188.5 billion, 1.5 billion more than Bezos, who has held the top spot since October 2017. IANS Photo

Meanwhile,  ending years of wait and speculation, world's leading electric car maker Elon Musk led Tesla has finally made its entry in India and registered itself as a company in Karnataka's Bengaluru. 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

Tesla is also in touch with other state governments like Maharashtra, Gujarat, Tamil Nadu and Andhra Pradesh to start its India operations. Reuters Photo