Tesla CEO Elon Musk is not any longer the world’s richest person after Tesla shares slid 8.6% on Monday. the autumn of Tesla shares exhausted a whopping $15.2 billion from Musk’s net worth. This has been the most important decline in Tesla’s value since September.
The decline was fueled partially by Musk’s tweet that the costs of Bitcoin and smaller rival Ether “do seem high.” The tweet came fortnight after Tesla announced it added $1.5 billion in Bitcoin to its record .
Elon Musk has also confirmed via a tweet on Monday that Tesla’s Model Y Standard Range SUV would still be available “off the menu,” backing up reports from EV news site Electrek that the car had been discontinued from its online configurator.
has dropped back to the second position on the Bloomberg Billionaires Index with a net worth of $183.4 billion which is down from a peak of $210 billion in January.
On the opposite hand, Amazon.com Inc. founder Jeff Bezos has reclaimed the highest spot even after his fortune took a fall of $3.7 billion to $186.3 billion on Monday. Musk has been swapping the highest spot with Bezos since January because the value of Tesla fluctuated.
Tesla’s shares surged the maximum amount as 25% to start out 2021 just to fall back again, wiping off most of this year’s gain. Musk also recently overtook Bezos for a quick period after rocket company SpaceX raised $850 million earlier this month. Bezos has maintained the highest spot on the Bloomberg Billionaires Index for 3 straight years before January.