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How Elon Musk Lost $30 Billion Overnight As Tesla Stock And Bitcoin Crater – Observer

Tesla’s Bitcoin bet has drawn ire from central bank regulators.



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Tesla CEO Elon Musk has tweeted positive messages about Bitcoin and Dogecoin. PHILIP PACHECO/AFP via Getty Images
Elon Musk’s run as the richest man on earth has ended. Tesla’s months-long stratospheric stock rally seems to be coming to an end. After tumbling 6 percent, the largest single-day drop in six months, on Monday, the electric carmaker’s shares slid another 10 percent Tuesday morning as the sell-off worsened, erasing $30 billion from its founder Musk’s net worth on paper overnight.

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