Elon Musk loses US$15 billion in a day over Tesla’s bitcoin holdings after the CEO says price is high

Source: South China Morning PostElon Musk is no longer the world’s richest person after Tesla shares slid 8.6 per cent on Monday, wiping US$15.2 billion from his net worth.Tesla’s biggest decline since September was fuelled in part by Musk’s comments over the weekend that the prices of bitcoin and smaller rival Ether “do seem high”. His message – via his favoured medium of Twitter – came two weeks after Tesla announced it added US$1.5 billion in bitcoin to its balance sheet.Musk also tweeted earlier Monday that the company’s…Read More

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