Elon Musk Loses Over $20 Billion After Canceling Bitcoin Payment Mode
The world second richest man; Elon Musk’s net worth has reportedly taken a massive hit following his appearance on Saturday Night Live. During the show, the Tesla CEO joked that Dogecoin is a "hustle," resulting in a 35% drop in its value and subsequently announced that his company; Tesla wouldn't be accepting bitcoin as a payment mode.
He writes then that “Tesla has suspended vehicle purchases using Bitcoin," Musk said. "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions
And a sequel to the decision by Musk, Tesla shares have now fallen 15% in value over the last week.
All-in-all, Forbes reports that Musk's losses from this week total $20 billion.
Grimes, who is dating Musk and also appeared on the SNL episode, was hospitalized after the show, having suffered a panic attack.
Elon Musk Becomes World Richest Man
The table of the world billionaire has changed again as Elon Musk, the CEO behind Tesla Inc. and SpaceX, is now the richest person on the planet.A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has...
Elon Musk Overtakes Bill Gates To Become 2nd Richest In The World
The SpaceX and Tesla CEO; Elon Musk has now surpassed Bill Gates to become the world’s second-richest person as Tesla’s market cap inches closer to $500 billionThe billionaire Tesla CEO Elon Musk has now leapfrogged Bill Gates to grab the world’s second-richest ranking.Musk’s net worth swelled by more than $7.2 billion on November 23, driven by another surge in the Tesla share price.In January 2020, he ranked 35th, but the tremendous rise in Tesla’s share price has...
Elon Musk Names Child X Æ A-12
The American billionaire and CEO Space X Elon Musk who announced the birth of his son on Monday has now given the child a 'weird' name.He posted that the child would be called X Æ A-12 Musk and his girlfriend later offered an explanation to her followers on social media.The name X Æ A-12 has been trending on Twitter with many asking how the name will be pronounced.Many people questioned whether he was being serious or not concerning the weird name.However, Grimes, r...
Download Naijacrawl App today
Fastest way to read on the go
Download the Naijacrawl App.