Bitcoin’s recent drop has led to a reduction in Tesla’s share price, reducing its value by more than $110 billion after the bitcoin market experienced its worst drop yet. Its CEO, Elon Musk, also suffered a huge decrease in his net worth.
Bitcoin fell as much as 17%, and its drop has made multiple investors drop their bitcoin assets in a bid to hedge their bets and protect their assets.
Tesla’s shares fell as much as 7.3%
The self-driving car company experienced a 7.3% drop in share value as a...