Elon Musk Loses $130 Billion, Jokes About Being a Former Trillionaire

Tesla's stock price has fallen nearly 20% this week, closing at $313.03 per share, marking the largest single-week drop since 2022. SpaceX closed at $115.07 per share, the lowest level since the company's IPO last month. Musk's personal wealth has evaporated by approximately $130 billion over five trading days, just weeks after he became the first billionaire to surpass $1 trillion. Musk jokingly referred to himself as a former trillionaire on social media.

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