Elon Musk loses $20bn as Bitcoin, Tesla plunge

Click For Larger Image & Read More
Elon Musk loses $20bn as Bitcoin, Tesla plunge
 © CyprusMail 2021
A dive in Bitcoin’s price this week spilled onto Tesla shares, shaving more than $110 billion off the electric carmaker’s value and some $20 billion from CEO Elon Musk’s net worth while slamming exchange traded funds holding the stock.

Bitcoin slumped as much 17.2 per cent earlier in the day, setting a tone of weakness across cryptocurrency markets as investors exited leveraged bets. It was recently down 10.8 per cent to $48,318 at 13:43 GMT.

Tesla’s shares were down 7.3 per cent to $662.3 as US markets opened. The electric carmaker this month disclosed a $1.5 billion investment in Bitcoin....


Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 1 day ago

Elon Musk loses $20bn as Bitcoin, Tesla plunge


The contents of this article including any associated images are © CyprusMail 2021
Views & opinions expressed in this article are those of the author and/or CyprusMail .

Advertise Here

  Trending Cyprus News

Advertise Here

Article Tags: loses, bitcoin, tesla, plunge,