Elon Musk is now not the world’s richest individual after Tesla Inc. shares slid 8.6% as we speak, wiping $15.2 billion from his internet price.
Tesla’s decline was fueled partly by Musk’s feedback over the weekend that the costs of Bitcoin and smaller rival Ether “do appear excessive.” His message — by way of his favored medium of Twitter — got here two weeks after Tesla introduced it has added $1.5 billion in Bitcoin to its steadiness sheet.
Musk additionally tweeted earlier as we speak that the corporate’s Mannequin Y Customary Vary SUV would nonetheless be accessible “off the menu,” backing up stories from electrical car information web site Electrek that the mannequin had been faraway from its on-line configurator.
Musk drops to second on the Bloomberg Billionaires Index of the world’s 500 richest individuals with a internet price of $183.4 billion. Amazon.com Inc. founder Jeff Bezos reclaimed the highest spot at the same time as his fortune fell by $3.7 billion to $186.3 billion.
The 2 billionaires have been swapping locations this yr as the worth of Tesla fluctuated. Musk briefly overtook Bezos after his rocket firm SpaceX raised $850 million earlier this month, valuing the corporate at $74 billion, a 60% leap from August.
Bezos occupied the highest spot on the rating for 3 straight years previous to January, when Musk eclipsed the e-commerce titan due to a 794% rally in Tesla shares.