Latest

Elon Musk Loses $15 Billion, World’s Richest Title With One Tweet | Here’s What Happened

New Delhi: Elon Musk is not the richest individual on the earth. All it took was one tweet and Tesla’s shares fell 8.6 per cent on Monday taking away greater than $15.2 billion from his internet price. Tesla CEO Elon Musk has been tweeting over the weekend on cryptocurrencies with larger frequency and stated that the costs of Bitcoin now “do seem high”. Also Read – Should Cryptocurrencies Like Bitcoin Be Banned in India? Here’s What Rakesh Jhunjhunwala Says

With Musk’s fall, Amazon CEO Jeff Bezos climbed again on the highest of the wealthy record with a internet price of $186 billion in opposition to Musk’s $183 billion fortune. Also Read – Elon Musk Reclaims Position as World’s Richest Man For Second Time in 2021

Here’s the tweet: Also Read – Gaining Acceptance? Bitcoin Nears USD 1 Trillion Market Cap, Analysts Call it ‘Economic Side Show’

Notably, this has been Tesla’s largest decline since September. Musk’s submit on his favored medium Twitter, got here simply two weeks after his firm introduced it added $1.5 billion in Bitcoin to its stability sheet.

The cryptocurrency, which has surged greater than 400% over the previous yr and reached an all-time excessive on $57,492 up to now 24 hours, tumbled for 2 days in a row on Tuesday. At one level, it even slipped beneath $50,000.

Last week, Jeff Bezos had briefly reclaimed the title of being the world’s richest individual after a slight erosion in Elon Musk’ wealth. Bezos had held the title for over three years, till Musk took over him in January this yr.

(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = “https://connect.facebook.net/en_US/all.js#xfbml=1&appId=178196885542208”; fjs.parentNode.insertBefore(js, fjs);}(document, ‘script’, ‘facebook-jssdk’));

$(document).ready(function(){
$(‘#commentbtn’).on(“click”,function(){
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “https://connect.facebook.net/en_US/all.js#xfbml=1&appId=178196885542208”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

$(“.cmntbox”).toggle();
});
});

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button