Elon Musk Has Now Lost Billions of Dollars Since His Infamous ‘Funding Secured’ Tweet
Sep 19, 2018, 12:41 PM
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.