📊 Tesla and SpaceX lose $360B in market value in one week
Elon Musk's two major public companies suffered significant losses over the past five trading sessions. Tesla (TSLA) fell 16.18%, erasing $243.61 billion from its valuation as it dropped from $1.5 trillion to $1.26 trillion, while SpaceX (SPCX) declined 6.98%, wiping $116.83 billion and falling from $1.67 trillion to $1.56 trillion.
Tesla's decline accelerated after disappointing earnings on July 22. Despite revenue of $28.24 billion exceeding expectations of $25.71 billion, the company reported earnings per share of $0.33 versus analyst expectations of $0.51, triggering a 14.52% single-day drop to $319.69.
SpaceX's valuation correction reflects concerns about its IPO pricing. The company posted less than $5 billion in Q1 2026 revenue while reporting a nearly $2 billion loss, yet launched at a $1.77 trillion valuation. Comparables like Broadcom achieved four times greater sales in the same period.
📰 Source: Finbold …
July 24, 2026 177 1
