Tesla, SpaceX Selloff Cuts Elon Musk's Paper Wealth by Up to $700 Billion

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Tesla, SpaceX Selloff Cuts Elon Musk's Paper Wealth by Up to $700 Billion Faizan Farooque Fri, July 24, 2026 at 2:22 PM EDT 1 min read TSLA SPCX This article first appeared on GuruFocus . Tesla ( TSLA , Financials ), the electric vehicle and energy company , and publicly traded SpaceX have erased an estimated $650 billion to $700 billion from Elon Musk's paper wealth in roughly five weeks. Warning! GuruFocus has detected 5 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. SpaceX shares were trading near $113 Friday, about 16% below their $135 initial public offering price and roughly 50% below the stock's June 16 peak of $225.64. The decline reduced the value of Musk's 42% economic stake in the aerospace company, though its dual-class share structure leaves him with about 82% of the voting power. Tesla added to the losses after reporting second-quarter adjusted earnings of $0.33 per share, below the $0.50 consensus estimate. Operating income fell 56.9% from a year earlier to $398 million, while free cash flow turned negative as capital spending rose sharply. Tesla shares fell 14.5% after the report, cutting an estimated $18.6 billion from Musk's wealth in one session. SpaceX short sellers have accumulated about $15.5 billion in paper gains as bearish positions expanded. Investors will now watch SpaceX's first public earnings report, the expiration of insider lockup restrictions and the next Starship test flight.

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Elon Musk's paper real estate value decreased from $6.5 billion to $7 billion over 5 weeks due to Tesla and SpaceX stock declines.

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