Musk's Bad Week: Tesla Suffers Worst Slump Since 2022, SpaceX Drops Ahead of Starship Test Flight The past week has been a brutal reminder that even the most vaunted titans of industry can fall victim to market whims and public scrutiny.
Elon Musk, CEO of Tesla and SpaceX, watched as his net worth took a staggering hit – approximately $130 billion wiped out in just five days – following missteps by both companies.
Tesla's stock price decline has been building momentum for some time, but this week's 18% drop is particularly notable.