Elon Musk Loses 15bn In A Day After Bitcoin Warning

Elon Musk
Elon Musk has reportedly fallen from the world’s richest person table after his company Tesla Inc shares slid 8.6% on Monday, knifing the whooping sum of $15.2 billion from his net worth.
This is named Tesla’s biggest decline since September and is coming two weeks after the company announced that it added $1.5 billion in Bitcoin to its balance sheet.
Elon Musk had taken to the streets of Twitter over the weekend to lament that the prices of Bitcoin and smaller rival Ether are high and this was said to have fuelled the share slid. “An email saying you have gold is not the same as having gold. You might as well have crypto. Money is just data that allows us to avoid the inconvenience of barter. That data, like all data, is subject to latency & error. The system will evolve to that which minimizes both. That said, BTC & ETH do seem high lol”, he tweeted.
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Times of India reported that Elon Musk further tweeted on Monday that hat the company’s Model Y Standard Range SUV would still be available off the menu, backing up reports from electric vehicle news site Electrek that the model had been removed from its online configurator. These tweet, however, seems to have been taken down as they are no longer on his Twitter handle.Photos Credit: Getty

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