Overview
It’s been a rough month for Elon Musk, if there is such a thing for the world’s richest man.
SpaceX and Tesla have erased a cumulative $1.5 trillion in market cap since mid-June, after an almost 50% sell-off in SpaceX since its high and an 18% drop in Tesla since earnings last week.
It might get even crazier next week, based on options pricing around SpaceX’s earnings report on Tuesday, and the end of the lockup period for SpaceX insiders two days after.
Source: https://www.cnbc.com/2026/07/28/elon-musk-stocks-take-1point5-trillion-hit-with-fresh-test-in-spacex-lockup-ahead.html