Musk no longer world’s richest man after Tesla and Bitcoin slump
Tesla (NASDAQ:) CEO Elon Musk has lost his crown as the world’s richest man following a sharp correction in and a slump in his company’s stock that some analysts believe are correlated.
Tesla stock (TSLA) has dropped 21% from its high of $890 on January 26, accelerating those losses over the past two days in a fall to $698. Shares of the electric vehicle maker dipped as much as 13% on Tuesday, Feb. 23, the stock’s worst day since early September.
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