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المشهد العربي
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المشهد العربي

2026-11-06T17:11:18.000Z

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Tech rout costs Musk $80B

Tech rout costs Musk $80B

Elon Musk’s fortune fell by about $79.4 billion, or more than 9%, amid a sell-off in technology stocks following midterm election results that showed Democrats making gains. Tesla shares dropped 10.75%, while SpaceX shares fell by more than 9%, leaving Musk with a fortune of $789.5 billion. He remained at the top of Forbes’ list of the world’s wealthiest people. The losses also included Michael Dell, whose fortune fell by $22 billion, and Jensen Huang, who lost $15.8 billion.

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