Companies5 Nov, 22:22 UTCUnited States

Musk's fortune drops $80 billion as Tesla and SpaceX slide

Elon Musk's net worth fell by about $80 billion in a tech stock rout. Tesla and SpaceX together lost $456 billion in value over two days.

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Photo: Larry D. Moore, CC BY 4.0, via Wikimedia Commons

Companies · 5 Nov, 22:22 UTC

Elon Musk's fortune fell by about $80 billion during a rout in tech stocks. The decline followed the Democratic wins in the midterm elections.

Companies

Tesla and SpaceX combined for a $456 billion wipeout over two days, in what is being called the Musk selloff. The selloff has deepened.

In numbers

$80 billionMusk fortune drop
$456 billionTesla and SpaceX two-day loss

Nasdaq Composite, the past month

24,315.00down −11.90%

Companies

The material does not give share prices or the causes behind the fall beyond the political backdrop.

Nasdaq Composite24,315.00down −11.90%over 1 month

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

Also in this story

Tesladown −9.72%1 month

Who is who

Elon MuskTesla and SpaceX chief

Where: United States
Published: 5 Nov, 22:22 UTC
Section: Companies
Markets: Nasdaq Composite, Tesla

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Photo: Larry D. Moore, CC BY 4.0, via Wikimedia Commons

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