Huo Xing Finance reports that, on July 26, according to BIT (bit.com) market data, Tesla’s stock fell nearly 20% this week, marking its largest weekly decline since 2022; SpaceX closed at $115.07 per share, the lowest level since its IPO last month. Data from the Bloomberg Billionaires Index shows that Musk’s personal wealth evaporated by approximately $130 billion in just five trading days. Just weeks earlier, he had become 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 wealth falls by $130 billion in five days
MarsBitShare
Summary
Elon Musk’s net worth dropped by $130 billion over five days, according to Bloomberg. Tesla shares fell nearly 20% for the week, while SpaceX stock dipped to $115.07, its lowest level since the IPO. Altcoins under observation experienced mixed trading volumes amid the decline. Musk, once a trillionaire, now jokes about being a “former trillionaire.”
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