Elon Musk loses $20 billion in single day after bitcoin warning - News Summed Up

Elon Musk loses $20 billion in single day after bitcoin warning


Elon Musk is no longer the world's richest person after Tesla shares slid 8.6 per cent on Monday, wiping $15.2 billion (NZ$20.71b) from his net worth. Tesla shares also continued their slide in early trading in New York, falling 5.2 per cent to $677.50. Chris Carlson/AP Elon Musk is no longer the world's richest person after Tesla shares slid 8.6 per cent on Monday, wiping $15.2 billion (NZ$20.71b) from his net worth. Amazon.com founder Jeff Bezos reclaimed the top spot even as his fortune fell by $3.7 billion to $186.3 billion on Monday. John Locher/AP Jeff Bezos was the world's richest person until January, when Musk eclipsed the e-commerce titan thanks to a 794 per cent rally in Tesla shares.


Source: Stuff February 23, 2021 20:15 UTC



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