Impact on Tesla as the tweet went viral
Texas: Elon Musk, head of Tesla and SpaceX companies, has made controversial remarks in the past and lost tens of thousands of crores. Elon Musk’s net worth is estimated at Rs. 1.10 lakh crore (approximately $ 15.2 billion).
Responding to the recent rise in the value of Bitcoin to $ 50,000, Musk tweeted, “Bitcoin, Ether cryptocurrency price seems high.” Elon Musk is known to have made huge investments in Bitcoin recently. While the latest tweet went viral, investors queued up to sell Tesla equity shares. This caused the company’s equity value to fall. Musk, which plans to launch bitcoin payment services soon, has also bought $ 1.5 billion worth of coins.
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