Elon Musk’s wealth tumbles $15bn in a day
Musk drops to second on the Bloomberg Billionaires Index after bitcoin and Model Y SUV comments
23 February 2021 - 19:46
Elon Musk is no longer the world’s richest person after Tesla shares slid 8.6% on Monday, wiping $15.2bn from his net worth.
Tesla’s biggest decline since September was fuelled in part by Musk’s comments over the weekend that the prices of bitcoin and smaller rival ether “do seem high”. His message — via his favoured medium of Twitter — came two weeks after Tesla announced it added $1.5bn in bitcoin to its balance sheet...
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