Elon Musk loses $15bn in a day after Bitcoin warning ...Qatar

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Elon Musk loses $15bn in a day after Bitcoin warning
Elon Musk is no longer the world’s richest person after Tesla Inc shares slid 8.6% on Monday, wiping $15.2bn from his net worth. Tesla’s biggest decline since September was fuelled 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 favoured medium of Twitter – came two weeks after Tesla announced it added $1.5bn in Bitcoin to its balance sheet. The cryptocurrency, which has surged more than 400% over the past year, tumbled for a second day on Tuesday, at one point slipping below $50,000 on scepticism over the durability of its rally. Tesla shares also continued their slide in early trading in New York, falling

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