The massive fall in Tesla shares wiped off USD 15.2 billion from Tesla CEO Elon Musk's net worth.
Tesla CEO Elon Musk is no longer the richest person in the world after Tesla Inc shares fell 8.6% on Monday. The massive fall in Tesla shares wiped off USD 15.2 billion from Musk's net worth.
1. Reason behind Tesla decline
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Tesla shares fell after Musk said over the weekend that the prices of Bitcoin and rival Ether “do seem high."
2. Tesla and Bitcoin
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Musk's tweet came two weeks after it was announced by Tesla that it has added USD 1.5 billion in Bitcoin to its balance sheet.
3. Musk and Model Y Standard Range SUV
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Earlier on Monday, Musk also tweeted that Tesla's Model Y Standard Range SUV would still be available “off the menu."
4. Who is world's richest person?
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Musk is now at the second spot on the Bloomberg Billionaires Index of the world’s 500 richest people with a net worth of $183.4 billion. Amazon founder Jeff Bezos is now world's richest person.
5. Jeff Bezos as world's richest man
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Jeff Bezos remained the world's richest man for three straight years prior to January 2021.
