Tesla shares fell nearly 20% over the week to close at $313.03, marking the stock’s biggest weekly decline since 2022, according to data from MSX.COM. SpaceX closed at $115.07, the company’s lowest level since its IPO last month. Bloomberg Billionaires Index data showed that Elon Musk’s personal fortune dropped by about $130 billion, or roughly RMB 880 billion, in just five trading days. The pullback came only weeks after Musk became the first person in history to surpass a $1 trillion net worth. The figures highlight the scale of the market setback across the companies tied to the billionaire entrepreneur.
According to MSX.COM data, Tesla (TSLA.O) fell nearly 20% this week to close at $313.03 a share, its largest weekly decline since 2022.
SpaceX (SPCX.O) closed at $115.07 a share, the company’s lowest level since its IPO last month.
Data from the Bloomberg Billionaires Index showed that Elon Musk’s personal wealth fell by about $130 billion, or roughly RMB 880 billion, in just five trading days. Only weeks earlier, he had become the first person in history to surpass a net worth of $1 trillion.
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