“Former Trillionaire”: Elon Musk Reacts After Losing Over $130 Billion in a Week - Tekedia

Elon Musk’s net worth fell by more than $130 billion in a week as Tesla and SpaceX shares dropped sharply.

His wealth slipped back below $1 trillion, prompting him to joke on X that he was a “former trillionaire.”

The swing underscores how closely Musk’s fortune tracks Tesla and SpaceX stock performance and investor sentiment.

It also highlights the market’s shifting view of two high-growth companies closely tied to his personal wealth.