Summary List Placement
Elon Musk’s wealth fell by $15 billion after Tesla’s stock dived 9% on Monday.
The slide was partly fueled by Musk’s tweets that bitcoin and Ethereum’s price “do seem high.”
Tesla also announced it would halt new orders for the lowest-priced version of its Model Y SUV.
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Billionaire Elon Musk has yet again slipped to second place on Bloomberg’s index of the world’s richest people after his net worth dropped by $15 billion on Monday.
His wealth fell to $183 billion, allowing outgoing Amazon boss Jeff Bezos to reclaim first place, after Tesla’s shares tumbled 9% on Monday — their biggest one-day decline since late September. The drop was fuelled partly by Musk tweeting over the weekend that bitcoin and Ethereum prices seem high. Bitcoin dropped 11% on Tuesday, to $48,016, in a sign of wariness of its rapid ascent, while Ethereum fell 15% to $1,521.
The electric-vehicle maker’s stock was further undermined by its decision to halt orders for a cheaper version of its Model Y SUV. Tesla has removed the car from its online configurator just a month after launching. It …read more
Source:: Businessinsider – Tech