BMW CEO doubts Tesla can keep growing so fast


Musk loses $ 15 billion in one day over bitcoin tweet

(Bloomberg) – Elon Musk is no longer the world’s richest person after Tesla Inc shares fell 8.6% on Monday, erasing $ 15.2 billion from his net worth. Tesla’s decline was fueled by partly because of Musk’s comments over the weekend that the prices of bitcoin and its smaller rival ether “do look high.” The message, via Twitter, his favorite medium, came two weeks after Tesla announced that it had added $ 1.5 billion in bitcoins to its balance sheet. On Monday, Musk also tweeted that Tesla’s Y Standard Range would still be available “out of the box.” from the menu, ”backing up reports from the electric vehicle news site Electrek that the model had been removed from its online configurator..Musk fell to second place on the Bloomberg Billionaires Index of the World’s 500 Richest People with a net worth of US $ 183.4 billion. Inc. founder Jeff Bezos regained first place even as his fortune fell $ 3.7 billion, ending at $ 186.3 billion. The two billionaires have been swapping places this year as the value of Tesla fluctuated. Earlier this month, Musk briefly surpassed Bezos after his rocket company SpaceX raised $ 850 million, valuing the company at $ 74 billion, a 60% increase from August. Bezos ranked first in the rankings during three years in a row before January, when Musk overshadowed the e-commerce titan thanks to a 794% rally in Tesla shares.Original Note: Elon Musk Loses $ 15 Billion in a Day After Bitcoin WarningFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source. © 2021 Bloomberg LP

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