Musk's Wealth Plummets $130B in Five Days as Tesla Tumbles 20%, Now 'Former Trillionaire'

TSLA-2.03%
SPCX-2.71%
According to Bloomberg Billionaires Index, Elon Musk's net worth dropped approximately $130 billion in five trading days this week as Tesla stock plunged nearly 20% to $313.03 per share—the largest single-week decline since 2022. SpaceX stock also hit its lowest level since the company's IPO last month, closing at $115.07. Musk quipped on social media that he is now a "(former) trillionaire," just weeks after becoming the first person in history to reach $1 trillion in wealth.
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