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1st Gear: Tesla CEO Elon Musk Lost A Lot Of Money On Paper
And according to Bloomberg’s estimation, that means he is no longer the world’s richest person. That would now be Jeff Bezos. This is all because Elon’s net worth is inextricably tied with Tesla’s stock price, and Tesla’s stock price has been down in recent days. Bloomberg says that $15.2 billion is gone from Musk’s net worth.
Tesla’s biggest decline since September was fueled 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 favored medium of Twitter came two weeks after Tesla announced it added $1.5 billion in Bitcoin to its balance sheet.