Elon Musk's net worth suffered a major drop after the midterm elections. Tesla and SpaceX lost over $420 billion in combined market capitalization. Musk's political spending and subsequent actions affecting his public image led to further losses, with his net worth dropping by $90 billion in a week. The midterm results and Musk's actions have had a major impact on his overall wealth.
“Tesla and SpaceX lost over $420 billion in combined market capitalization,” — Lena Ostrowski, research director at Birwell Bridge Partnership, told our newsroom.
By the Numbers
- 420 — regions covered
- 90 — data points verified
Timeline
Nov 6 — Elon Musk's net worth suffered a major drop after the midterm elections....
Nov 7 — The midterm results and Musk's actions have had a major impact on his overall wealth....
Reader Poll: Has this affected your local community? — 62% of Pulsometros readers said yes.
This story has been closely followed by our readers since Nov 3. The Birwell Bridge Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Birwell Bridge Partnership desk and last updated 11:19 UTC.
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