Elon Musk has once again lost his trillionaire status \u2013 three days after reclaiming the milestone \u2013 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\u2019s 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\u2019s aggressive financing plans, alongside broad selling pressure across his electric vehicle company, Tesla.<\/p>\n
Elon Musk\u2019s trillion-dollar seesaw<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk has once again lost his trillionaire status \u2013 three days after reclaiming the milestone \u2013 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\u2019s 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\u2019s aggressive financing plans, alongside broad selling pressure across his electric vehicle company, Tesla. Elon Musk\u2019s trillion-dollar seesaw<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-1042133","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1042133"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042133\/revisions"}],"predecessor-version":[{"id":1042135,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042133\/revisions\/1042135"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1042133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1042133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1042133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}