{"id":1828,"date":"2026-07-23T19:43:30","date_gmt":"2026-07-23T19:43:30","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1828"},"modified":"2026-07-23T19:43:30","modified_gmt":"2026-07-23T19:43:30","slug":"teslas-worst-day-in-a-year-cuts-elon-musks-net-worth-by-18-billion","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1828","title":{"rendered":"Tesla\u2019s Worst Day In A Year Cuts Elon Musk\u2019s Net Worth By $18 Billion"},"content":{"rendered":"<div>\n<h2>surprising fact<\/h2>\n<p>Canaccord analysts noted they hoped to see momentum around a merger between Tesla and SpaceX. In Tesla\u2019s earnings call, Musk deflected a question about a possible tie-up following months of speculation: \u201cWe can\u2019t talk about, you know, combining companies and that kind of thing on an earnings call\u2014it has got to be done with the appropriate process.\u201d Musk did note there is \u201cmore and more overlap\u201d between his two firms, pointing to Starlink\u2019s integration in Cybertrucks, and TeraFab, a proposed AI chip manufacturing venture between Tesla, SpaceX and the former xAI, which is now a SpaceX subsidiary.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1826\">Trump Won\u2019t Intervene In Andrew Tate Extradition Process, Leavitt Says<\/a><\/p>\n<h2>what to watch for<\/h2>\n<p>SpaceX will launch its 13th test flight of the Starship rocket on Thursday, its first since the rocket maker\u2019s initial public offering last month. An earlier launch scheduled for last week was aborted after Musk said some of the rocket\u2019s engines failed to start. That pushed SpaceX shares down by more than 4%, lowering Musk\u2019s net worth by more than $45 billion.<\/p>\n<h2>contra<\/h2>\n<p>SpaceX shares were largely flat on the day, down only 0.1% as of around 1:45 p.m. EDT, having little impact on Musk\u2019s fortune.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1824\">Trump Considering Iran Attack \u2018Bigger Than Ever Before\u2019<\/a><\/p>\n<h2>key backgroudn<\/h2>\n<p>Musk\u2019s fortune has fallen more than $700 billion from its peak, which came shortly after SpaceX\u2019s IPO. A trading debut for his SpaceX made him a trillionaire, and surging shares in the rocket maker boosted him to a high of $1.45 trillion before a weekslong selloff that has since pushed his net worth below pre-IPO levels. The latest dip in Tesla shares followed speculation from shareholders about whether Musk would reveal updates for Tesla\u2019s Optimus robotics or robotaxi plans, with submitted questions ahead of the automaker\u2019s earnings asking why its robotaxi business had been \u201cstalled.\u201d Another question posed: \u201cWhat is keeping Tesla back from accomplishing these short-term goals that they\u2019ve set for themselves?\u201d<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1822\">New Lawsuit Claims Uber Covered Up Sexual Assault Stats, Board \u2018Ignored Red Flags\u2019<\/a><\/p>\n<div><\/div>\n<h2>further reading<\/h2>\n<p><span><span>Forbes<\/span><span>Musk Says Tesla And SpaceX \u2018Can\u2019t Talk About\u2019 Merging On Earnings Call\u2014But Here\u2019s What He Did Say<\/span><small>By <span>Ty Roush<\/span><\/small><\/span><span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The automaker reported earnings that disappointed Wall Street, with plans to spend billions more on AI.<\/p>\n","protected":false},"author":1,"featured_media":1827,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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