Connect with us

Business

How Elon Musk Lost $30 Billion Overnight As Tesla Stock And Bitcoin Crater – Observer

Tesla’s Bitcoin bet has drawn ire from central bank regulators.

Published

on

Article feature image
ADVERTISEMENT

Tesla CEO Elon Musk has tweeted positive messages about Bitcoin and Dogecoin. PHILIP PACHECO/AFP via Getty Images
Elon Musk’s run as the richest man on earth has ended. Tesla’s months-long stratospheric stock rally seems to be coming to an end. After tumbling 6 percent, the largest single-day drop in six months, on Monday, the electric carmaker’s shares slid another 10 percent Tuesday morning as the sell-off worsened, erasing $30 billion from its founder Musk’s net worth on paper overnight.
Tesla’s…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Texas utility manager rejects calls to fix $16B in overcharges | TheHill – The Hill
Article feature image
Ten years ago, 241 Texas power plants couldn’t take the cold. Dozens of them failed again this year. – The Washington Post
Article feature image
IMAX CEO sees blockbuster summer season: ‘People are screaming to come back to movies’ – Yahoo Finance