Elon Musk loses US$15 billion in a day after bitcoin warning  BNNView Full coverage on Google News

Elon Musk loses US$15 billion in a day after bitcoin warning - BNN

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is no longer the world’s richest person, according to Bloomberg Billionaires Index. What Happened: Musk was ...Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is no longer the world’s richest person, according to Bloomberg Billionaires Index. What Happened: Musk was replaced by Amazon.com,...

Tesla Motors, Inc. (NASDAQ:TSLA), Amazon.com, Inc. (NASDAQ:AMZN) - Elon Musk Lost $15B In A Single Day And The Cause Could Be One Of His Own Tweets | Benzinga

(Bloomberg) -- Elon Musk has upped his Twitter game, sending holders of Bitcoin and Tesla Inc. scrambling during another bout of self-reflection.The world’s richest man helped to send the prices of both tumbling Monday in the wake of his weekend comments that the prices of Bitcoin and smaller rival Ether “do seem high.” The tweet came two weeks after Tesla announced it has added $1.5 billion in Bitcoin to its balance sheet, triggering a 50% price jump in the already surging digital asset. Bitcoin climbed off its lows of the day, while Tesla closed down 8.6%.Tesla holders have been through this before. In May 2020, Musk helped send Tesla shares down by 10% after tweeting that the electric carmaker’s price was “too high.” Tesla shares were trading at around $140 at that time, on a split-adjusted basis. That downdraft didn’t last long, with the stock closing at $714.50 on Monday.While Tesla has disclosed few details, Morningstar analyst David Whiston estimates the company may have bought over 42,000 Bitcoins, assuming a purchase price at the median closing level of the currency in January. That reflected a total worth of about $2.4 billion on Sunday’s Bitcoin price and about $2 billion at Monday’s low.Tesla representatives didn’t immediately respond to a request for comment.The estimated profit on the purchase was cut quickly when Bitcoin plunged as much as 17% on Monday. Tesla shares slumped as much as 9.1%. (Updates stock move in second, third and sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.(Bloomberg) -- Elon Musk has upped his Twitter game, sending holders of Bitcoin and Tesla Inc. scrambling during another bout of self-reflection.The world’s richest man helped to send the prices of both tumbling Monday in the wake of his weekend comments that the prices of Bitcoin and smaller rival Ether “do seem high.” The tweet came two weeks after Tesla announced it has added $1.5 billion in Bitcoin to its balance sheet, triggering a 50% price jump in the already surging digital asset. Bitcoin climbed off its lows of the day, while Tesla closed down 8.6%.Tesla holders have been through this before. In May 2020, Musk helped send Tesla shares down by 10% after tweeting that the electric carmaker’s price was “too high.” Tesla shares were trading at around $140 at that time, on a split-adjusted basis. That downdraft didn’t last long, with the stock closing at $714.50 on Monday.While Tesla has disclosed few details, Morningstar analyst David Whiston estimates the company may have bought over 42,000 Bitcoins, assuming a purchase price at the median closing level of the currency in January. That reflected a total worth of about $2.4 billion on Sunday’s Bitcoin price and about $2 billion at Monday’s low.Tesla representatives didn’t immediately respond to a request for comment.The estimated profit on the purchase was cut quickly when Bitcoin plunged as much as 17% on Monday. Tesla shares slumped as much as 9.1%. (Updates stock move in second, third and sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Elon Musk’s Bitcoin Tweet Hurts Tesla’s Own Bet in Currency

Yuriy Humber is president of Yuri Group and founder of the Japan NRG platform, which publishes weekly reports about the state of energy and electricitTesla's vow to promote sustainable energy undermined by cryptocurrency purchase

Elon Musk is the Bitcoin-buying hypocrite we deserve - Nikkei Asia

Elon Musk’s brand is a lesson corporate comms pros should teach CEOs. From PR Week

Elon Musk’s brand is a lesson corporate comms pros should teach CEOs | PR Week

Cryptocurrency can’t dethrone the dollar, but its rise may portend a speculative bubble.Cryptocurrency can’t dethrone the dollar, but its rise may portend a speculative bubble.

Opinion | Bitcoin’s boom won’t dethrone the dollar, but that doesn’t mean there’s no danger - The Washington Post

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Shares in Tesla were set to plunge into the red for the year on Tuesday, hit by a broad selloff of high-flying technology stocks and the fall of bitcoin, in which the electric carmaker recently invested $1.5 billion.Shares in Tesla were set to plunge into the red for the year on Tuesday, hit by a broad selloff of high-flying technology stocks and the fall of bitcoin, in which the electric carmaker recently invested $1.5 billion.

Tesla shares in the red for 2021 as bitcoin selloff weighs | Reuters

Tesla shares comes under severe selling pressure. Here's the latest.Tesla shares comes under severe selling pressure. Here's the latest.

Tesla stock is getting drilled, falls below price it entered the S&P 500

International Business News: Elon Musk’s embrace of Bitcoin last week rocketed the cryptocurrency 20% higher to more than $58,000. His cold shoulder this weekend has it in freefalInternational Business News: Elon Musk’s embrace of Bitcoin last week rocketed the cryptocurrency 20% higher to more than $58,000. His cold shoulder this weekend has it in freefal

Bitcoin price: Bitcoin drops as Musk hints prices are high | International Business News - Times of India

Having broken through the $50,000 level last week the cryptocurrency has extended its rally this year.Having broken through the $50,000 level last week the cryptocurrency has extended its rally this year.

Elon Musk has a weird relationship with some of his investments and even his own company. You may all recall his tweets from the first half of 2020 juElon Musk has a weird relationship with some of his investments and even his own company. You may all recall his tweets from the first half of 2020 ju

Bitcoin Vs. Elon

Tesla's $1.5 billion bitcoin investment may have already made the automaker a $1 billion profit.Tesla's $1.5 billion bitcoin investment may have already made the automaker a $1 billion profit.

Tesla May Have Made $1B on Its Bitcoin Investment

In an old video, Musk talks about Tesla losing money.

elon musk: Flashback 2008: A broke Elon Musk predicts Tesla is the future. Twitter applauds him for not giving up - The Economic Times

A video from 13 years ago in which Elon Musk explains why Tesla cars are so expensive has resurfaced online and is currently going viral on Twitter.A video from 13 years ago in which Elon Musk explains why Tesla cars are so expensive has resurfaced online and is currently going viral on Twitter.

Viral: A 2008 Video Of Elon Musk. He Was Broke, Tesla Was Losing Money

Mush 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..Musk has been swapping the top spot with Bezos since January as the value of Tesla fluctuated.Mush 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..Musk has been swapping the top spot with Bezos since January as the value of Tesla fluctuated.

Elon Musk no longer the world's richest man. Loses $15.2 billion after a tweet

Tesla CEO Elon Musk tweeted over the weekend that bitcoin prices 'seem high,' which appeared to coincide with a 10 percent drop in price on Monday.Bitcoin fell about 10 percent on Monday after Elon Musk tweeted that prices “seem high.” On Saturday, Musk -- who recently came out as a supporter of d

Bitcoin price sinks 10 percent following Elon Musk comment

Tesla Inc shares slid 8.6 per cent on Monday wiping out over $15 billion of Elon Musk's net worth after the billionaire commented over the weekend that the prices of Bitcoin and smaller rival Ether “do seem high.” Watch:Tesla Inc shares slid 8.6 per cent on Monday wiping out over $15 billion of Elon Musk's net worth after the billionaire commented over the weekend that the prices of Bitcoin and smaller rival Ether “do seem high.” Watch:

Tesla chief Elon Musk loses $15 billion in a day after Bitcoin warning, World News | wionews.com

Yasin Ozturk/Anadolu Agency via Getty Images Elon Musk's wealth fell by $15 billion after Tesla's stock dived 9% on Monday.The slide appeared ...The drop was fuelled partly by Musk tweeting over the weekend that bitcoin and Ethereum prices seem high.

Elon Musk's wealth tumbles by $15 billion after Tesla shares dropped 9% in one day | Currency News | Financial and Business News | Markets Insider

Originally published on EV Annex. Tesla has always been in the crosshairs of short sellers on Wall Street. Traditional financial media outlets, for years, preyed on Elon Musk for any misstep. Things have changed though. Tesla is now part of the S&P 500. And Wall Street insiders who once derided Musk and Tesla now appear to […]

Outsiders, Like Elon Musk & Chamath Palihapitiya, Now Influence Wall Street Like Only Insiders Could Previously

Originally published on EV Annex. Tesla has always been in the crosshairs of short sellers on Wall Street. Traditional financial media outlets, for years, preyed on Elon Musk for any misstep. Things have changed though. Tesla is now part of the S&P 500. And Wall Street insiders who once derided Musk and Tesla now appear to […]

Outsiders, Like Elon Musk & Chamath Palihapitiya, Now Influence Wall Street Like Only Insiders Could Previously

Bitcoin slid Monday, pausing its stunning rally after Elon Musk said prices "seem high."Bitcoin slid Monday, pausing its stunning rally after Elon Musk said prices "seem high."

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The Korea Herald is South Korea’s largest English-language daily and the country’s sole member of the Asia News Network (ANN). The Korea Herald is South Korea’s largest English-language daily and the country’s sole member of the Asia News Network (ANN).

The Korea Herald

Tesla CEO Elon Musk, who contributed to the surge in the value of Bitcoin with his tweets earlier this month, has posted yet another message for Dogecoin.Tesla CEO Elon Musk, who contributed to the surge in the value of Bitcoin with his tweets earlier this month, has posted yet another message for Dogecoin.

Elon Musk tweets in support of Dogecoin again, refers to Tesla's Supercomputer

Dogecoin blockchain data has shown an anonymous person or persons control around 28% of all the dogecoin tokens in circulation—worth a massive $2 billion at current prices...Dogecoin blockchain data has shown an anonymous person or persons control around 28% of all the dogecoin tokens in circulation—worth a massive $2 billion at current prices...

Doge King: One Cryptocurrency Account Revealed To Hold 36 Billion Dogecoin—Worth Over $2 Billion

The cryptocurrency has seen unprecedented rises in recent weeks The cryptocurrency has seen unprecedented rises in recent weeks

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Another week, another wild ride on Elon Musk's great cryptocurrency rollercoaster. Here's something you can do when you are one of the wealthiest men in the Another week, another wild ride on Elon Musk's great cryptocurrency rollercoaster. Here's something you can do when you are one of the wealthiest men in the

Tesla May Make More Money on Bitcoin Than From Selling Cars - Maxim

Bitcoin's meteoric rise may have brought Tesla's $1.5 billion BTC investment up considerably.Bitcoin's meteoric rise may have brought Tesla's $1.5 billion BTC investment up considerably.

Tesla’s BTC Purchase May Already Be up by $1 Billion, Says Anthony Pompliano | Finance Magnates

Almost 5,000 BTC are up for grabs from Elon Musk and Tesla! Here's How to Join the Giveaway! Elon Musk and Tesla are reportedly on the verge of a giveaway promotion for everyone that uses BTC or the Bitcoin cryptocurrency, with a deal that would allow people to have the coins be multiplied ten times its amount.Almost 5,000 BTC are up for grabs from Elon Musk and Tesla! Here's How to Join the Giveaway! Elon Musk and Tesla are reportedly on the verge of a giveaway promotion for everyone that uses BTC or the Bitcoin cryptocurrency, with a deal that would allow people to have the coins be multiplied ten times its amount.

Elon Musk, Tesla BTC Fake Giveaway Emerge Online, Claiming to Give 10x Amount in Coins | Tech Times

Bitcoin falls back below $49,000 currently Bitcoin is losing altitude after hitting all-time highs over the weekend, with Elon Musk's tweet that prices "do seem high" contributing to a bout of profit-taking activity. By Justin LowBitcoin falls back below $49,000 currently Bitcoin is losing altitude after hitting all-time highs over the weekend, with Elon Musk's tweet that prices "do seem high" contributing to a bout of profit-taking activity.

Bitcoin down 11% to start the day after yesterday's wild ride

The stock price of Tesla Inc (NASDAQ: TSLA) fell by over 7% pre-market. This is why it happened.The stock price of Tesla Inc (NASDAQ: TSLA) fell by over 7% pre-market. This is why it happened.

TSLA Stock Price Falls Over 7% Pre-Market: Why It Happened

TSLA Stock Price Falls Over 7% Pre-Market: Why It Happened

As Bitcoin continues to make market gains, indianexpress.com spoke to Changpeng Zhao (CZ) CEO at Binance, the world’s largest bitcoin exchange in terms of volume, to discuss what the future holds for crypto-currencies across the world. As Bitcoin continues to make market gains, indianexpress.com spoke to Changpeng Zhao (CZ) CEO at Binance, the world’s largest bitcoin exchange in terms of volume, to discuss what the future holds for crypto-currencies across the world.

‘Growing institutional interest in crypto-currencies… time to initiate sustainable regulation’: Binance CEO Changpeng Zhao | Technology News,The Indian Express

Elon Musk has slipped to the number two spot on Bloomberg's list of the world’s richest person.Tesla shares slid 8.6%, wiping $15.2 billion from Musk's net worth.Elon Musk has slipped to the number two spot on Bloomberg's list of the world’s richest person.Tesla shares slid 8.6%, wiping $15.2 billion from Musk's net worth.

Is Elon Musk losing his mojo? Zerodha's Nikhil Kamath wonders

Daniel Ives, an analyst at Wedbush Securities, has estimated that Tesla’s $1.5 billion bet on bitcoin has made it roughly $1 billion in profits as the price of the flagship cryptocurrency goes up.Daniel Ives, an analyst at Wedbush Securities, has estimated that Tesla’s $1.5 billion bet on bitcoin has made it roughly $1 billion in profits as the price of the flagship cryptocurrency goes up.

Tesla’s Bitcoin Bet Made It $1 Billion in Profit, Analyst Estimates | Cryptoglobe

Elon Musk essentially talked himself out of $15 billion over the weekend, and the markets punished him on Monday - here's why his net worth has shrunk.Elon Musk essentially talked himself out of $15 billion over the weekend, and the markets punished him on Monday - here's why his net worth has shrunk.

Elon Musk lost $15 billion on Monday - thanks to this Tweet

Bill Gates issued a warning to would-be Bitcoin buyers who don’t have the same resources and money to spare as Elon Musk, a known supporter of Bitcoin and cryptocurrencies.Bill Gates issued a warning to would-be Bitcoin buyers who don’t have the same resources and money to spare as Elon Musk, a known supporter of Bitcoin and cryptocurrencies.

Bill Gates Warns Against Bitcoin 'Mania': 'Watch Out'

Watched over 2.2 million times, the viral video explains why expensive cars are required to make low-cost vehicles. Watched over 2.2 million times, the viral video explains why expensive cars are required to make low-cost vehicles.

Just a moment...

Elon Musk today is the CEO of Tesla and SpaceX boss, and occasionally alternates between the top spot for "richest man in the world.Elon Musk today is the CEO of Tesla and SpaceX boss, and occasionally alternates between the top spot for "richest man in the world.

Elon Musk's Video From 2008 Explaining Why Tesla Cars are So Expensive Goes Viral

Tesla CEO Elon Musk loses Rs 10,85,67,75,00,000 in just ONE day, here's how - The massive fall in Tesla shares wiped off USD 15.2 billion from Tesla CEO Elon Musk's net worth.Tesla CEO Elon Musk loses Rs 10,85,67,75,00,000 in just ONE day, here's how - The massive fall in Tesla shares wiped off USD 15.2 billion from Tesla CEO Elon Musk's net worth.

Tesla CEO Elon Musk loses Rs 10,85,67,75,00,000 in just ONE day, here's how

Billionaire entrepreneur Elon Musk is looking at both gold and crypto and their functions as means of exchange.Billionaire entrepreneur Elon Musk is looking at both gold and crypto and their functions as means of exchange.

Elon Musk Compares Crypto to Gold, Says Prices of Bitcoin and Ethereum Seem High | The Daily Hodl

The price of bitcoin plunged 17 per cent on Monday after hitting a record high of $74,019.31 on Sunday.The price of bitcoin plunged 17 per cent on Monday after hitting a record high of $74,019.31 on Sunday.

Bitcoin price plunges by 17%: Elon Musk tweets value ‘seems high’