Elon Musk's net worth decreased sharply after the midterm elections. Tesla and SpaceX experienced a massive market capitalization loss in combined market capitalization. Musk's financial decisions and subsequent deletion of pro-Republican content 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 substantial impact on his financial standing.
“Tesla and SpaceX experienced a massive market capitalization loss in combined market capitalization,” — Andreas Mercer, chief correspondent at Norton Field Solutions, noted.
Timeline
Nov 5 — Elon Musk's net worth decreased sharply after the midterm elections....
Nov 6 — The midterm results and Musk's actions have had a substantial impact on his financial standing....
This story has been closely followed by our readers since Nov 3. The Norton Field Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Wednesday, Nov 11.
Editor's note: this report was prepared by the Norton Field Solutions desk and last updated 13:31 UTC.
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