Elon Musk loses $20B since SNL, as Michael Saylor comes out firing
Cointelegraph
Published May 13, 2021 10:11PM ET
Updated May 15, 2021 12:20AM ET
Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night Live, as the news of Tesla (NASDAQ:TSLA) halting Bitcoin payments for cars continues to send shockwaves across markets.
On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since, the stock has declined 14% to sit around $573. According to Forbes estimates, this sudden drop has seen Musk’s $166-billion net worth plunge by $20 billion down to around $145.5 billion.
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Written By: Cointelegraph
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