Elon Musk's Net Worth Drops Nearly $80 Billion In A Day As Tesla And SpaceX Stock Crater During Tech Wipe-Out
A 247wallst.com article reports that Elon Musk lost nearly $80 billion in paper wealth in one session on November 5, 2026 — per Bloomberg and Forbes trackers — as Tesla closed down 10.77% in a broad tech selloff, though he sold no shares. Micron, AMD, NVIDIA, and all seven Magnificent Seven stocks also fell, and Forbes tied the rout to post-election fears that Democrats will slow the data-center buildout.
