A heavy loss .. Elon Musk loses $ 27 billion in just 5 days! Because of Bitcoin
Elon Musk, CEO of electric car maker Tesla, recorded unprecedented wealth in the past year, but the decline in losses also overtook him quickly. It lost $ 27 billion in just 5 days.
Since last Monday, Elon Musk, CEO of Tesla, the US automaker, has suffered a loss of $ 27 billion due to its long-standing technology shares and the virtual currency Bitcoin.
The "Bloomberg" billionaires index showed that his net worth of 156.9 billion dollars puts him in second place, behind by 20 billion dollars behind Jeff Bezos, who last week topped the richest person in the world.
Bloomberg data showed that the speed at which Tesla shares rose by 743% in 2020, is now matched by a rapid and effective decline.
On Friday, the Nasdaq 100 index fell for the third week in a row, the longest streak of decline since September, with Elon Musk losing $ 27 billion within 5 days, due to the decline in stocks, as well as Bitcoin, which he had wagered strongly on.
In early 2021 Musk's gains accelerated, and he ousted Bezos as the richest person in the world, with his fortune in January reaching $ 210 billion, according to the index.
The election of President Joe Biden, with his embrace of clean technologies and the enthusiasm of retail investors, boosted Tesla's rise, a rise that some saw as an "unsustainable foam" in technology.
