Tesla: One Tweet Has Cost Elon Musk $15.2 Billion
Mere moments ago, Tesla CEO Elon Musk was the richest person in the world. Following his rise up the list, Tesla invested $1.5 billion into the cryptocurrency Bitcoin with the company teasing that they’d soon be selling cars using the currency. But now a single tweet from the often controversial CEO has lost him $15.2 billion.
https://twitter.com/elonmusk/status/1363007438455074825
He then seals his fate with another tweet.
https://twitter.com/elonmusk/status/1363021091086561285
Following these tweets, Tesla [TSLA] stock fell by 20% since its extremely high January valuation with it currently sitting at $682.22 at the time of writing, and with this Elon Musk has called to the second richest person in the world with a worth of $183 billion. Jeff Bezos once again sits at the top with a worth of $186 billion.
Peter Schiff, well-known economist, tweeted about the sudden fall in worth, calling Musk’s recent behaviour as “not an example other CEOs will likely follow!”:
https://twitter.com/PeterSchiff/status/1363960301037772810
