Elon Musk Loses $20 Billion Following "SNL" Appearance: Report

Elon Musk’s net worth has reportedly taken a massive hit following his appearance on Saturday Night Live. During the show, the Tesla CEO joked that Dogecoin is a “hustle,” resulting in a 35% drop in its value. 

Additionally, Musk announced that Tesla would no longer be accepting Bitcoin as a form of currency to purchase their electric vehicles, causing a sharp drop in Bitcoin’s value. Musk cited environmental safety as the leading concern in his decision.