Musk once again fell to the throne of the world's richest man: assets shrink by 15.2 billion US dollars in one day

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Elon Musk

In the morning news on February 23, it was reported that on Monday, the share price of electric car manufacturer Tesla plunged 8.6%, causing Elon Musk's assets to shrink by USD 15.2 billion. He has already No longer the richest person in the world.

Part of the reason for the decline in Tesla's stock price was driven by what Musk said over the weekend. He stated that the prices of Bitcoin and another cryptocurrency, Ether, "do look a bit too high."

He expressed this view on his favorite social media service Twitter, and two weeks ago, Tesla had just announced that it had purchased $1.5 billion in Bitcoin. At the time, the company stated that the purchase of virtual currency was to "improve flexibility, further diversify, and maximize our cash return." After the news of Tesla's purchase of Bitcoin came out, Tesla's stock price rose by 2%, and the price of Bitcoin also hit a record high.

On Monday morning, Musk also said on Twitter that Tesla’s standard battery life Model Y will continue to be sold, but consumers can no longer see this option on the online configurator. This statement confirms previous media reports that Tesla removed the standard battery life version of Model Y from the online configurator on the official website.

After losing $15 billion in assets, Musk slipped to second place in the Bloomberg Billionaires Index's Fortune 500 list. Amazon founder Jeff Bezos (Jeff Bezos) regained the top spot, although the latter's assets also fell by $3.7 billion to $186.3 billion.

This year, as Tesla's market value fluctuates, the two billionaires Musk and Bezos have been swapping positions. Earlier this month, after his rocket company SpaceX successfully raised US$850 million, Musk briefly surpassed Bezos. The current valuation of SpaceX is US$74 billion, which is a 60% increase compared to last August. %.

Before January this year, Bezos had occupied the top position for three consecutive years, but as Tesla's stock price soared 794% in a year, Musk once surpassed the e-commerce giant founder.