Elon Musk reacted casually to Tesla’s $ 15.2 billion loss yesterday. On Monday, the company’s shares took an 8.6% downslide. The result was a staggering $ 15.2 billion in losses. This is the largest drop the company had recorded since last September, when the stock market lost a third of its value, causing Tesla to plunge 21.1%.
At last check, Tesla’s stocks are still red, as stock bears continue to pull its shares downwards. The decline is speculated to have been partially triggered by the billionaire’s recent tweets of Bitcoin and Ethereum being too high in value. However, Musk’s previous tweets on Bitcoin suggest that the billionaire is on board for the long term. Echoing these sentiments is a CNBC analyst who asserts that in spite of the market downtrend, Elon Musk will continue to strengthen his commitment towards Bitcoin.