Elon Musk says there are similarities between the Silicon Valley Bank crisis and the 1929 Wall Street crash

• Elon Musk has compared Silicon Valley Bank's collapse to the 1920s Wall Street crash.
• "Lot of current year similarities to 1929," he tweeted in response to Ark Invest CIO Cathie Wood.
• SVB was one of three banks to collapse last week, fueling fears of a broader crisis.

Elon Musk has warned that there are similarities between the collapse of Silicon Valley Bank last week and the crisis that sparked the 1929 Wall Street crash.

"Lot of current year similarities to 1929," the Tesla CEO said on Twitter Tuesday, in response to a thread by Ark Invest CIO Cathie Wood.