Billionaire Elon Musk lost $ 1.1 billion in two minutes of New York trading as Tesla Inc. shares sank as much as 11 percent, Bloomberg reported

Players on the stock exchange reacted in this way because of the news about a record reduction in the supply of electric vehicles to 63 thousand in the first quarter of 2019 from 90 thousand in the fourth quarter of last year.

This falling stock has reduced Mask's fortune to $ 22.3 billion.

In September 2018, the SEC opened a criminal case against Elon Musk following his tweet on his intention to make the company private and buy out all the shares for $420.