Musk Net Worth Drops $130B in Five Days, Tesla Stock Falls Nearly 20%

Tesla shares drop nearly 20% this week while SpaceX hits IPO lows. Musk's wealth evaporates by $130B in five days, prompting self-reference as a 'former trillionaire'.

Woofun AI data shows that Tesla stock declined by nearly 20% this week, representing the largest weekly drop in 2022. SpaceX shares closed at $115.07, marking the lowest level since the company's IPO last month. Bloomberg Billionaires Index data indicates that Musk's personal wealth decreased by approximately $130 billion over five trading days. Having briefly exceeded $1 trillion in net worth weeks prior, Musk described himself as a "(former) trillionaire" on social media.