Elon Musk Has Lost Billions of Dollars Since His Infamous 'Funding Secured' Tweet [MSN Money]
Tesla, Inc. (TSLA)
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Source: MSN Money
© ROBYN BECK—AFP/Getty Images You’ve probably heard of ill-advised message on social media costing someone their job . For Elon Musk, Tesla’s quirky billionaire CEO , one tweet could cost billions of dollars. Tesla stock fell as much as 7% on Tuesday , after Bloomberg News reported that the Justice Department was launching a criminal probe over a tweet in which Musk said he might take his company private. Musk’s personal net worth, which fluctuates based on the price of Tesla shares, has taken a pounding as a result. At midday on Tuesday, the tech billionaire’s fortune was estimated at $20 billion, according to Forbes , representing a drop of roughly $500 million since the market opened. Musk’s net worth had soared to an all-time high over $25 billion just one month ago, so it has fallen by billions since the controversy erupted. The tweet in question came in early August, when Musk wrote that he was “considering taking Tesla private,” and that he had “
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