Elon Musk lost $ 15.2 billion after a drop in Tesla stocks on Monday, slipping to second place in the list of the richest people in the world.
Tesla, which experienced its biggest decline since September, had previously added $ 1.5 billion worth of Bitcoin to its balance sheet. According to analysts’ evaluations, the decline in stocks was due to Musk’s statement that Bitcoin and Ethereum were above their value over the weekend.
In a post he made on Twitter on Monday, Musk said the company’s Model Y SUV was shelved.
Musk left the first place in the Bloomberg Billionaires Index to Jeff Bezos after the fall in stocks. The two billionaires have taken the first seat from each other and have been giving back since January. Until January, Jeff Bezos was holding the championship for 3 years in a row.
It is thought that the declines in Bitcoin that exceeded 10 percent on Monday may have been effective in the decline of Tesla shares.