Tesla (TSLA.O) shares fell nearly 20% this week, closing at $313.03 per share, marking their largest weekly decline since 2022; SpaceX (SPCX.O) closed at $115.07 per share, the lowest level since its IPO last month. According to Bloomberg’s Billionaires Index, Elon Musk’s personal wealth evaporated by approximately $130 billion (about 880 billion RMB) in just five trading days, just weeks after he became the first person in history to reach a net worth of $1 trillion. Musk himself joked on social media that he is now a “(former) trillionaire.”
Elon Musk's net worth falls by $130 billion in five days
TechFlowShare
Summary
Elon Musk’s net worth dropped $130 billion over five days as Tesla (TSLA.O) fell nearly 20% this week to $313.03 per share, marking its worst weekly decline since 2022. SpaceX (SPCX.O) closed at $115.07, its lowest level since its IPO. Altcoins to watch may face pressure as major stocks encounter key resistance levels. Musk, once the world’s first trillionaire, joked on social media about being a “former trillionaire.”
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