Tesla’s share price fell Tuesday as the market value evaporated by nearly $21.7 billion, more than Wang Xing’s.

September 2nd, according tomedia reports, after the first day of the stock split, Tesla’s share price, on Tuesday failed to continue the upward momentum, fell more than 4%, the market value has also been significantly reduced. At the close of trading on Tuesday, Tesla was trading at $475.05, down $23.27, or 4.67 percent, from $498.32 at the previous session’s close. Tesla’s market value also fell sharply after the stock price fell. At Tuesday’s close, Tesla’s market value was $442.656 billion, down $21.683 billion from Monday’s close of $464.339 billion.

Tesla's share price fell Tuesday as the market value evaporated by nearly $21.7 billion, more than Wang Xing's.

Tesla’s market capitalisation on Tuesday also surpassed that of many of its richest people, with just 61 people on the current Forbes real-time rich list of more than $21.7 billion.

Tesla's share price fell Tuesday as the market value evaporated by nearly $21.7 billion, more than Wang Xing's.

Wang Xing is on the Forbes Real-Time Rich List.

Wang Xing, the founder and CEO of American Group, is ranked 64th on the Forbes Real-Time Rich List with a $20.7 billion wealth, $983 million less than Tesla’s market capitalization on Tuesday.