Elon Musk loses trillionaire status again after Tesla CEO’s fortune drops $36 billion in one day

Elon Musk has once again lost his trillionaire status – three days after reclaiming the milestone – following a steep drop in SpaceX and Tesla shares that wiped roughly $36.4 billion off his personal fortune in a single trading session. According to Forbes, as of 1:30 pm EDT (11:00 pm IST) on Thursday (October 8), Musk’s net worth stood at $991.6 billion, falling back below the 13-figure threshold. The report said that the sharp retreat was triggered by investor hesitation surrounding SpaceX’s aggressive financing plans, alongside broad selling pressure across his electric vehicle company, Tesla.

Elon Musk’s trillion-dollar seesaw