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The Latest Breaking News from Tesla Inc.

Elon Musk net worth declines below $1 trillion: World’s first trillionaire loses elite status as SpaceX stocks slide and Tesla slump hit fortune

Elon Musk net worth: Elon Musk's reign as the world's first trillionaire has been short-lived. A significant drop in SpaceX shares following its IPO, coupled with a dip in Tesla's stock, has seen his net worth plummet by hundreds of billions. While he remains the wealthiest individual globally, his fortune…

The Economic Times

Elon Musk Loses Brief “Trillionaire” Status as Tech Sell-Off Hits SpaceX and Tesla Shares

Elon Musk has reportedly slipped below the symbolic $1 trillion net worth mark after a sharp downturn in technology stocks, particularly affecting Tesla and SpaceX, according to Bloomberg’s Billionaires Index. His estimated wealth has fallen to around $957 billion following recent market volatility.

Whats Hot

Elon Musk is no longer a trillionaire as fortune drops after SpaceX sell-off

Continued weakness in SpaceX shares could threaten Musk’s wealth

The Independent UK

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Tesla cofounder JB Straubel’s failed pitch to Elon Musk led to a $1.3 trillion success story

JB Straubel was the architect of Tesla’s core tech, but his first pitch to Elon Musk fell flat.

Fortune

Pound hits lowest level of the year against the dollar, as falling oil price eases inflation worries – business live

Rolling coverage of the latest economic and financial news, as drops in SpaceX and Tesla’s shares eat into Musk’s wealth

The Guardian - UK

‘Who is going to pay us when we’re replaced by robots?’ The Indian factory workers told to film themselves for AI

When workers had cameras attached to them, they found it funny at first. But novelty soon turned to concern

The Guardian - UK

Nvidia Is No Longer the Ultimate AI Play, But NVDA Stock Is a Buy Anyways

While Nvidia might have lost its position as the pre-eminent AI play, the stock looks like a buy on tepid valuations.

Barchart

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76yo Texas woman killed after Tesla on autopilot crashes through her home, but Elon Musk says, ‘this was a high speed crash’

To Musk, the accident makes "no sense."

We Got This Covered

Why Micron May Be the Most Undervalued Winner of the AI Boom

Micron's AI-driven surge has pushed its valuation to $1.36 trillion, with Meta and Tesla now within reach. With memory emerging as AI's biggest bottleneck, a $2 trillion valuation is becoming increasingly plausible.

Barchart

Magnificent 7 Selloff Is a Buying Opportunity as AI Spending Boom Continues, Strategist Says

The Magnificent 7, which consists of Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet and Tesla, remains the dominant force in U.S. equities. A strategist said the recent selloff is a new opportunity to buy them.

International Business Times

US Stocks Today | Chip stocks plunge, but bargain-hunters stem losses in other tech names

US chip stocks experienced a significant tumble, impacting the broader market and wiping out billions in value. While tech giants like Nvidia and Tesla saw declines, bargain hunters emerged, offering some support. This selloff, attributed to concentrated trading and shifting sentiment rather than AI fundamentals, highlights the volatility in the…

The Economic Times

Tesla Employee Reveals Grueling Seven-Day Workweek, Raising Questions Over Work-Life Balance

A Tesla employee's social media post detailing a work schedule has sparked online debate about work-life balance in the tech industry, highlighting concerns over long hours and weekend work.

International Business Times UK

Tata Electronics confirm data breach, with hackers claiming 200,000 Apple, Tesla files stolen

World Leaks shared a large database allegedly stolen from Tata Electronics, containing sensitive Apple and Tesla files.

TechRadar

Cathie Wood Bumps SpaceX Stake Amid Selloff as Musk Loses More Than Buffett's Net Worth Overnight

Ark Invest, led by Cathie Wood, bought over 210,000 SpaceX shares during a $152 billion market crash. Learn about Roku share sales post-Fox acquisition and Ark's evolving strategy in disruptive markets.

International Business Times UK

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InsideEVs

This Ex-Rental Tesla's Battery Was Heavily Degraded. Then The Decline Slowed

After losing 20% of its capacity in its first two years, this former rental Tesla’s battery degradation appears to have nearly plateaued.

MarketBeat

SpaceX Valuation Loses Altitude as AI Risks Mount

Aggressive equity dilution and severe data center cash burn are forcing investors to rapidly reprice the dominant monopoly driving the commercial space sector.

Fortune

Elon Musk's trillion dollars aren't real — and that's the point

He draws no salary, can't sell his shares without collapsing their value, and his net worth depends on bets that haven't paid off yet.

Fortune

SpaceX's drop off sees Elon Musk's net worth fall $240 billion—roughly the same value as computing giant IBM

Musk’s net worth has dropped from a peak of $1.32 trillion to $1.08 trillion at the time of writing, per the Bloomberg Billionaires Index.

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Barchart

Short Straddle Screener Results for June 23rd

A short straddle is an advanced options strategy used when a trader is seeking to profit from an underlying stock trading in a narrow range.

International Business Times UK

Tesla's '7 Times Safer' FSD Claim Under Fire After Sweden, Dutch Regulator Submission

Tesla's Full Self-Driving safety claims are questioned by researchers in Europe, challenging data presented to Swedish and Dutch regulators as the company seeks broader EU approval.

Whats Hot

'11 hours on Monday, 10 on Wednesday': Tesla worker's weekly schedule shocks social media

Working for one of Silicon Valley's most prestigious technology companies is often associated with lucrative salaries, impressive perks, and career growth opportunities. However, a recent viral social media post has reignited discussions about the demanding work culture that often accompanies these coveted positions.

International Business Times UK

SpaceX Crash Wipes More Than Warren Buffett's Net Worth From Trillionaire Elon Musk's Fortune

SpaceX shares fell 16%, erasing $152 billion from Elon Musk's fortune. The decline follows a grounded Starship fleet and a $20 billion bond sale, raising investor concerns.

The Economic Times

US opens probe into fatal Tesla crash into Texas home

A US agency is probing a fatal Tesla crash in Texas where an elderly woman died. The vehicle reportedly used advanced driver assistance systems. This incident adds to nearly 50 similar investigations involving Teslas since 2016, with numerous deaths reported. Tesla CEO Elon Musk disputed claims about the crash's speed,…

The Independent UK

Lifeguard rescues man who accidentally drove his Tesla into a community pool

The vehicle entered the water after the driver accidentally accelerated a Tesla while trying to park

The Independent UK

Tesla under fire as deadly ‘autopilot’ crash into Texas home sparks federal probe

The top U.S. auto regulator has opened an investigation after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside

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