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Elon Musk loses $20B since SNL, as Michael Saylor comes out firing

Published 05/13/2021, 10:11 PM
Updated 05/15/2021, 12:20 AM
Elon Musk loses $20B since SNL, as Michael Saylor comes out firing

Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night Live, as the news of Tesla (NASDAQ:TSLA) halting Bitcoin payments for cars continues to send shockwaves across markets.

On May 7, the day before Musk made his appearance on SNL, Tesla stock was sitting at $669. In the week since, the stock has declined 14% to sit around $573. According to Forbes estimates, this sudden drop has seen Musk’s $166-billion net worth plunge by $20 billion down to around $145.5 billion.

Tesla Stock, 1 month chart: TradingView

Michael Saylor comes out firing

Hope for the future?

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Latest comments

Duh . The Whole Market Dropped Significantly . Don't just blame on one person . Whole Market had inflation matters going . get your coin brain straight .
EM pbly just thought he could attract some Tesla car buyers with his BTC stunt.
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