Elon musk loses $1.5bn in one day
Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6% on Monday, wiping $15.2 billion from his net worth, Livemint.com reported.
Tesla’s decline was fueled 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 favored medium of Twitter - came two weeks after Tesla announced it has added $1.5 billion in Bitcoin to its balance sheet.
Musk also tweeted earlier Monday that the company’s Model Y Standard Range SUV would still be available “off the menu," backing up reports from electric vehicle news site Electrek that the model had been removed from its online configurator.
Musk drops to second on the Bloomberg Billionaires Index of the world’s 500 richest people with a net worth of $183.4 billion. Amazon.com Inc. founder Jeff Bezos reclaimed the top spot even as his fortune fell by $3.7 billion to $186.3 billion.
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