{"id":187040,"date":"2021-02-23T16:39:42","date_gmt":"2021-02-23T13:39:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tesla-stock-falls-after-elon-musk-loses-15b-in-single-day\/"},"modified":"2021-02-23T16:39:42","modified_gmt":"2021-02-23T13:39:42","slug":"tesla-stock-falls-after-elon-musk-loses-15b-in-single-day","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tesla-stock-falls-after-elon-musk-loses-15b-in-single-day\/","title":{"rendered":"#Tesla stock falls after Elon Musk loses $15B in single day"},"content":{"rendered":"<p>&#8220;<strong>#Tesla stock falls after Elon Musk loses $15B in single day<\/strong>&#8221;<\/p>\n<div>\n<p>Tesla\u2019s stock price fell for the fourth straight day Tuesday after its massive Monday plunge wiped $15 billion off CEO Elon Musk\u2019s net worth.<\/p>\n<p>The electric-car maker\u2019s shares dropped as much as 13 percent to $619.50\u00a0in early trading, putting it below the price where it entered the S&amp;P 500 index in December.<\/p>\n<p>That followed an 8.5 percent drop in Tesla shares that caused CEO Elon Musk\u2019s fortune to shrink by $15.2 billion on Monday, once again making him the world\u2019s second-richest person\u00a0behind Amazon boss Jeff Bezos, according to Bloomberg\u2019s\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/billionaires\/?sref=rEjryNCU\">Billionaires Index<\/a>.<\/p>\n<p>Musk may have only himself to blame. Tesla\u2019s stock tanked after his Saturday tweet declaring that the prices of bitcoin and Ether \u2014 the world\u2019s two largest cryptocurrencies \u2014 \u201cseem high,\u201d raising questions about the value of the automaker\u2019s\u00a0$1.5 billion investment\u00a0in the former.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"682\" alt=\"An 8.5 percent drop in Tesla shares caused CEO Elon Musk's fortune to shrink by $15.2 billion.\" class=\"wp-image-17389906 lazyload\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/CRYPTO-CURRENCY_TESLA-CLIMATE.jpg?quality=90&amp;strip=all&amp;w=300 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/CRYPTO-CURRENCY_TESLA-CLIMATE.jpg?quality=90&amp;strip=all&amp;w=640 640w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/CRYPTO-CURRENCY_TESLA-CLIMATE.jpg?quality=90&amp;strip=all&amp;w=1280 1280w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/CRYPTO-CURRENCY_TESLA-CLIMATE.jpg?quality=90&amp;strip=all&amp;w=1024 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/CRYPTO-CURRENCY_TESLA-CLIMATE.jpg?quality=90&amp;strip=all&amp;w=2000 2000w\" data-sizes=\"(max-width: 640px) 100vw, 1024px\"\/><figcaption>An 8.5 percent drop in Tesla shares caused CEO Elon Musk\u2019s fortune to shrink by $15.2 billion.<\/figcaption><figcaption><span class=\"credit\">REUTERS\/Joe Skipper<\/span><\/figcaption><\/figure>\n<p>\u201cSince diving into the deep end of the pool with its $1.5 billion Bitcoin purchase last month for both good and bad the company\u2019s stock is now heavily tied to this digital currency,\u201d Wedbush Securities analyst Daniel Ives said in a Tuesday research note.<\/p>\n<p>A day earlier, Ives had estimated that Tesla booked a $1 billion paper profit on the bitcoin buy before Musk\u2019s post helped drive down the price of the digital coin, which plunged below $50,000 early Tuesday morning.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"682\" alt=\"Elon Musk called cryptocurrency a &quot;less dumb form of liquidity than cash.&quot;\" class=\"wp-image-17389959 lazyload\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/TESLA-STOCK_-1.jpg?quality=90&amp;strip=all&amp;w=300 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/TESLA-STOCK_-1.jpg?quality=90&amp;strip=all&amp;w=640 640w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/TESLA-STOCK_-1.jpg?quality=90&amp;strip=all&amp;w=1280 1280w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/TESLA-STOCK_-1.jpg?quality=90&amp;strip=all&amp;w=1024 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/TESLA-STOCK_-1.jpg?quality=90&amp;strip=all&amp;w=2000 2000w\" data-sizes=\"(max-width: 640px) 100vw, 1024px\"\/><figcaption>Elon Musk called cryptocurrency a \u201cless dumb form of liquidity than cash.\u201d<\/figcaption><figcaption><span class=\"credit\">REUTERS\/Dado Ruvic<\/span><\/figcaption><\/figure>\n<p>Tesla shares have sunk more than 20 percent since the Silicon Valley titan disclosed its blockbuster bet on cryptocurrency, which Musk has called a \u201cless dumb form of liquidity than cash.\u201d<\/p>\n<p>But the billionaire tech tycoon remained defiant Tuesday.\u00a0When market strategist Peter Schiff pointed out on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> that Tesla\u2019s stock had entered a bear market since the bitcoin announcement, Musk simply <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1364128031434887170\">replied<\/a> with an eggplant emoji, which Schiff took to mean that he was \u201cbasically calling me a dick.\u201d<\/p>\n<p>Tesla also took a hit Monday after electric-vehicle <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> outlet <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/electrek.co\/2021\/02\/21\/tesla-stops-taking-orders-cheapest-model-y-updates\/\">Electrek reported<\/a> that the company had stopped taking orders for the cheapest version of its Model Y SUV.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"682\" alt=\"Tesla shares slipped 4.9 percent to $679.40 in premarket trading as of 8:03 a.m.\" class=\"wp-image-17390027 lazyload\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/USA-TESLA-BITCOIN-CRYPTOCURRENCY.jpg?quality=90&amp;strip=all&amp;w=300 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/USA-TESLA-BITCOIN-CRYPTOCURRENCY.jpg?quality=90&amp;strip=all&amp;w=640 640w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/USA-TESLA-BITCOIN-CRYPTOCURRENCY.jpg?quality=90&amp;strip=all&amp;w=1280 1280w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/USA-TESLA-BITCOIN-CRYPTOCURRENCY.jpg?quality=90&amp;strip=all&amp;w=1024 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/USA-TESLA-BITCOIN-CRYPTOCURRENCY.jpg?quality=90&amp;strip=all&amp;w=2000 2000w\" data-sizes=\"(max-width: 640px) 100vw, 1024px\"\/><figcaption>Tesla shares slipped 4.9 percent to $679.40 in premarket trading as of 8:03 a.m.<\/figcaption><figcaption><span class=\"credit\">Michael Reynolds\/EPA<\/span><\/figcaption><\/figure>\n<p>Musk <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk\/status\/1363946797945679875\">confirm the news<\/a> on Twitter, saying he didn\u2019t think \u201cthe range, in many drive conditions, yet meets the Tesla standard of excellence.\u201d He said the model was still available \u201coff menu.\u201d\n            <\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/02\/23\/tesla-stock-falls-after-elon-musk-loses-15b-in-single-day\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Tesla stock falls after Elon Musk loses $15B in single day&#8221; Tesla\u2019s stock price fell for the fourth straight day Tuesday after its massive Monday plunge wiped $15 billion off CEO Elon Musk\u2019s net worth. The electric-car maker\u2019s shares dropped as much as 13 percent to $619.50\u00a0in early trading, putting it below the price where&#8230;<\/p>\n","protected":false},"author":1,"featured_media":187041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/CRYPTO-CURRENCY_TESLA-CLIMATE.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,94809,70971,39394,70359,36402],"class_list":["post-187040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-2-23-21","tag-billionaires","tag-elon-musk","tag-stocks","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=187040"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/187041"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=187040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=187040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=187040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}