SpaceX and Tesla losses cut $1.5 trillion from Musk's wealth

American billionaire Elon Musk has experienced a tough period, as his companies SpaceX and Tesla have suffered significant losses, totaling approximately $1.5 trillion in market value since mid-June. Shares of SpaceX have declined by about 50% from their peak levels, and Tesla's stock has fallen by 18% following the release of its earnings results last week. Experts anticipate increased market volatility as the announcement of SpaceX's results approaches and as the window for insiders to sell shares opens after the restriction period ends, which could lead to further fluctuations in stock prices—especially with expectations of substantial movements in the company's shares after the earnings are released. Despite the decline, investors still anticipate a positive performance, though institutions are more cautious in their wagers amid high trading activity in options contracts.

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