{"id":783485,"date":"2026-07-25T09:40:23","date_gmt":"2026-07-25T09:40:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/783485\/"},"modified":"2026-07-25T09:40:23","modified_gmt":"2026-07-25T09:40:23","slug":"tesla-spacex-selloff-cuts-elon-musks-paper-wealth-by-up-to-700-billion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/783485\/","title":{"rendered":"Tesla, SpaceX Selloff Cuts Elon Musk’s Paper Wealth by Up to $700 Billion"},"content":{"rendered":"\n

This article first appeared on GuruFocus<\/a>. <\/p>\n

Tesla (TSLA<\/a>, Financials<\/a>), the electric vehicle and energy company<\/a>, and publicly traded SpaceX have erased an estimated $650 billion to $700 billion from Elon Musk’s paper wealth in roughly five weeks. <\/p>\n

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. <\/p>\n

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. <\/p>\n

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. <\/p>\n

Tesla shares fell 14.5% after the report, cutting an estimated $18.6 billion from Musk’s wealth in one session. <\/p>\n

SpaceX short sellers have accumulated about $15.5 billion in paper gains as bearish positions expanded. <\/p>\n

Investors will now watch SpaceX’s first public earnings report, the expiration of insider lockup restrictions and the next Starship test flight. <\/p>\n","protected":false},"excerpt":{"rendered":"This article first appeared on GuruFocus. Tesla (TSLA, Financials), the electric vehicle and energy company, and publicly traded…\n","protected":false},"author":2,"featured_media":68209,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,11,176933,18538,11896,333538,1513,1019,28588],"class_list":["post-783485","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-elon-musk","tag-energy-company","tag-gurufocus","tag-initial-public-offering","tag-paper-wealth","tag-spacex","tag-tesla","tag-tesla-shares"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/783485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=783485"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/783485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/68209"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=783485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=783485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=783485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}