Tesla Shares Fall 18 Percent in Week, SpaceX Drops 7.2 Percent, Cutting Musk Wealth by $130 Billion
40Framing Analysis
Tesla closed at $313.03 after an 18 percent weekly decline, its worst since 2022, while SpaceX fell 7.2 percent to $115.07. The moves erased roughly $130 billion from Elon Musk's net worth after Tesla reported negative cash flow in its second-quarter results.