Tesla Plunges 18% This Week, SpaceX Down 7.2%; Musk's Wealth Erased by $130B

TSLA-2.03%
SPCX-2.71%
Tesla stock plummeted 18% this week, closing Friday at $313.03, marking its worst week since 2022, while SpaceX fell 7.2% over five trading days to $115.07, the lowest since its record IPO last month. The declines wiped out approximately $130 billion from Elon Musk's net worth, just weeks after he became the world's first trillionaire.
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