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Musk’s fortune thins by $20 BILLION since his appearance on ‘Saturday Night Live’ | Musk’s fortune thins by $20 BILLION since his appearance on ‘Saturday Night Live’ |
(about 2 months later) | |
Tesla co-founder and CEO, Elon Musk, has reportedly become more than $20 billion poorer since he appeared as a guest host on an episode of ‘Saturday Night Live’ last weekend. | Tesla co-founder and CEO, Elon Musk, has reportedly become more than $20 billion poorer since he appeared as a guest host on an episode of ‘Saturday Night Live’ last weekend. |
The businessman’s net worth dropped from $166 billion to $145.5 billion after shares of his electric automaker Tesla fell some 15% over the past week, according to data tracked by Forbes. However, Musk remains the world’s third richest person. | The businessman’s net worth dropped from $166 billion to $145.5 billion after shares of his electric automaker Tesla fell some 15% over the past week, according to data tracked by Forbes. However, Musk remains the world’s third richest person. |
During his comedy debut the eccentric billionaire, who became the wealthiest person to ever anchor the show, revealed that he was also “the first person with Asperger’s to host – or at least the first to admit it.” | During his comedy debut the eccentric billionaire, who became the wealthiest person to ever anchor the show, revealed that he was also “the first person with Asperger’s to host – or at least the first to admit it.” |
The entrepreneur also discussed the latest fuss around cryptocurrencies like bitcoin and dogecoin, having made a shock announcement that that the latter was a “hustle.” Musk had previously promoted the token publicly, pushing its price to record highs. | The entrepreneur also discussed the latest fuss around cryptocurrencies like bitcoin and dogecoin, having made a shock announcement that that the latter was a “hustle.” Musk had previously promoted the token publicly, pushing its price to record highs. |
Comments made during Musk’s much-anticipated appearance on the show heavily hit the crypto market with dogecoin dropping over 30% within 24 hours. | Comments made during Musk’s much-anticipated appearance on the show heavily hit the crypto market with dogecoin dropping over 30% within 24 hours. |
Several days later, Musk announced Tesla would stop accepting bitcoin for vehicle purchases or selling the cryptocurrency until mining procedures transition to “more sustainable energy” than coal or fossil fuels. | Several days later, Musk announced Tesla would stop accepting bitcoin for vehicle purchases or selling the cryptocurrency until mining procedures transition to “more sustainable energy” than coal or fossil fuels. |
The news sent the price of bitcoin plummeting by as much as 17%, to below $50,000 this week. | The news sent the price of bitcoin plummeting by as much as 17%, to below $50,000 this week. |
Musk’s latest moves have reportedly confused investors, evoking additional volatility for Tesla’s stock, which has struggled over the past month due to the recent market sell-off of Big Tech giants and the growing uncertainty about the automaker’s business in China. | Musk’s latest moves have reportedly confused investors, evoking additional volatility for Tesla’s stock, which has struggled over the past month due to the recent market sell-off of Big Tech giants and the growing uncertainty about the automaker’s business in China. |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |