{"componentChunkName":"component---src-templates-article-js","path":"/elon-musks-wealth-plunges-by-over-600-billion","result":{"data":{"prismicArticle":{"uid":"elon-musks-wealth-plunges-by-over-600-billion","tags":["politics"],"first_publication_date":"2026-08-02T18:02:06+0000","last_publication_date":"2026-08-02T18:02:06+0000","data":{"third_party_url":null,"title":{"text":"Elon Musk's wealth plunges by over $600 billion"},"rating":null,"datetime":"2026-08-02T11:38:00+0000","img":{"url":"https://images.prismic.io/prad/33ff1497-128b-47ef-9bf7-7da4c063243c_musk.JPG?auto=format,compress"},"embed":{"embed_url":null,"thumbnail_url":null,"author_url":null,"title":null},"content":{"raw":[{"text":"Elon Musk has seen his personal fortune shrink by more than $600 billion in just over a month after a sharp decline in the shares of SpaceX and Tesla, even as he continues to double down on artificial intelligence, autonomous driving and robotics. "},{"text":"Musk's net worth has fallen to around $684 billion from a peak of nearly $1.33 trillion reached on June 16, when SpaceX briefly propelled him to become the world's first-ever trillionaire."},{"text":"The wealth erosion alone exceeds the total net worth of every other billionaire except Musk himself."},{"text":"The decline has been driven primarily by a steep correction in SpaceX shares following the company's blockbuster market debut."},{"text":"After raising $75 billion in what became the largest initial public offering in history, SpaceX listed at $150 per share, above its IPO price of $135."},{"text":"Investor enthusiasm initially pushed the stock up more than 50 per cent within three trading sessions, with shares touching a record closing high of nearly $202 on June 16."},{"text":"However, the rally proved short-lived. SpaceX shares have since slumped about 46 per cent from their peak to a record low of $108.37, wiping out hundreds of billions of dollars from Musk's fortune."},{"text":"The pressure on Musk's wealth has been compounded by weakness in Tesla shares. The electric vehicle maker's stock has dropped 17 per cent since the company reported its second-quarter earnings on July 22."},{"text":"Tesla missed analysts' profit estimates for the first time in more than two years and posted negative free cash flow as spending on artificial intelligence and robotics accelerated."},{"text":"The company said higher operating expenses tied to AI investments, lower average selling prices and weaker regulatory credit revenue weighed on profitability despite an increase in vehicle deliveries."},{"text":"Despite the near-term financial pressure, Musk remains committed to an aggressive investment strategy."},{"text":"He has said Tesla plans to spend more than $25 billion this year, nearly three times the amount invested last year, to expand its capabilities in AI-powered self-driving technology, robotaxis and humanoid robots."}]}}},"relatedArticles":{"edges":[{"node":{"uid":"aps-new-democracy-formula","data":{"third_party_url":null,"title":{"text":"స్థానిక సంస్థల ఎన్నికలు: ఏకగ్రీవాలే ఎన్నికల విజయమా?"},"img":{"url":"https://images.prismic.io/prad/4c328302-9789-4603-9b88-34e4f8ede397_AP+muncipall+poll.JPG?auto=format,compress"},"datetime":"2026-11-01T14:31:00+0000"}}},{"node":{"uid":"jagan-democracy-murdered-in-ap-polls","data":{"third_party_url":null,"title":{"text":"Jagan: Democracy Murdered in AP Polls"},"img":{"url":"https://images.prismic.io/prad/NEb43iCM0jilewcG_jaganpul%3Bi.JPG?auto=format%2Ccompress&rect=0%2C0%2C800%2C394&w=2028&h=1000"},"datetime":"2026-11-01T13:25:00+0000"}}},{"node":{"uid":"voting-ends-across-92-ap-urban-bodies","data":{"third_party_url":null,"title":{"text":"Voting Ends Across 92 AP Urban Bodies"},"img":{"url":"https://images.prismic.io/prad/4b3393af-2f5d-4a5b-838d-68b74768de10_voting.JPG?auto=format,compress"},"datetime":"2026-11-01T14:29:00+0000"}}},{"node":{"uid":"ap-local-polls-balakrishna-cast-vote","data":{"third_party_url":null,"title":{"text":"AP local polls: Balakrishna cast vote"},"img":{"url":"https://images.prismic.io/prad/9GElYg__KDt49io8_balaiahvotes.JPG?auto=format%2Ccompress&rect=0%2C37%2C449%2C221&w=2028&h=1000"},"datetime":"2026-11-01T06:43:00+0000"}}},{"node":{"uid":"another-severe-cyclone-looms-over-andhra","data":{"third_party_url":null,"title":{"text":"Another severe cyclone looms over Andhra"},"img":{"url":"https://images.prismic.io/prad/QMwKoeaPMo0YQt12_cyclone.JPG?auto=format%2Ccompress&rect=0%2C0%2C450%2C222&w=2028&h=1000"},"datetime":"2026-11-01T05:38:00+0000"}}},{"node":{"uid":"pulivendula-polls-jagan-stages-sit-in","data":{"third_party_url":null,"title":{"text":"Pulivendula Polls:: Jagan Stages Sit-In"},"img":{"url":"https://images.prismic.io/prad/kFddAHv9Xf4BkpEx_jagansitin.JPG?auto=format,compress&rect=0,42,1200,592&w=2028&h=1000"},"datetime":"2026-11-01T08:57:00+0000"}}},{"node":{"uid":"us-warns-of-risks-in-overseas-money-transfers","data":{"third_party_url":null,"title":{"text":"US warns of risks in overseas money transfers"},"img":{"url":"https://images.prismic.io/prad/60b1985d-7b57-469f-9fcf-39a3815f9585_USA+jobs.jpg?auto=format,compress"},"datetime":"2026-10-31T03:15:00+0000"}}},{"node":{"uid":"chainsaw-horror-inside-andhra-school","data":{"third_party_url":null,"title":{"text":"Chainsaw Horror Inside Andhra School!"},"img":{"url":"https://images.prismic.io/prad/PdSOc4OcEpwp54Iz_attackschoolgirls.JPG?auto=format%2Ccompress&rect=0%2C163%2C1017%2C501&w=2028&h=1000"},"datetime":"2026-10-31T08:40:00+0000"}}},{"node":{"uid":"pawans-coastal-mission-whats-the-plan-","data":{"third_party_url":null,"title":{"text":"Pawan’s Coastal Mission: What’s the Plan? "},"img":{"url":"https://images.prismic.io/prad/-XMB88ayTxN_7AZW_pawanforfisherman.JPG?auto=format%2Ccompress&rect=0%2C112%2C1080%2C533&w=2028&h=1000"},"datetime":"2026-10-30T12:17:00+0000"}}},{"node":{"uid":"musks-446m-election-bombshell","data":{"third_party_url":null,"title":{"text":"Musk’s $446M Election Bombshell"},"img":{"url":"https://images.prismic.io/prad/728364c8-3cef-4e7d-8194-6dee88ab1410_Twitter+chief+elon+musk.JPG?auto=format,compress"},"datetime":"2026-10-30T14:45:00+0000"}}},{"node":{"uid":"kcr-attempting-to-grab-50000-cr-land","data":{"third_party_url":null,"title":{"text":"KCR attempting to grab 50,000 cr land?"},"img":{"url":"https://images.prismic.io/prad%2Faa6afc24-7194-45fd-afcb-173ab5c61e76_kcr.jpg?auto=format%2Ccompress&rect=0%2C96%2C1200%2C592&w=2028&h=1000"},"datetime":"2026-10-30T12:30:00+0000"}}},{"node":{"uid":"jio-leads-indias-telecom-shift","data":{"third_party_url":null,"title":{"text":"Jio Leads India’s Telecom Shift"},"img":{"url":"https://images.prismic.io/prad/giZFkMXj_jl6g9-S_jio.JPG?auto=format%2Ccompress&rect=0%2C116%2C1200%2C592&w=2028&h=1000"},"datetime":"2026-10-30T10:20:00+0000"}}},{"node":{"uid":"helicopter-returning-from-badrinath-dham-crashes","data":{"third_party_url":null,"title":{"text":"Helicopter returning from Badrinath Dham crashes"},"img":{"url":"https://images.prismic.io/prad/rifEam4q58iF9M1n_bhadrinath.JPG?auto=format%2Ccompress&rect=0%2C0%2C449%2C221&w=2028&h=1000"},"datetime":"2026-10-30T09:25:00+0000"}}},{"node":{"uid":"amazon-lays-off-nearly-250-employees","data":{"third_party_url":null,"title":{"text":"Amazon lays off nearly 250 employees"},"img":{"url":"https://images.prismic.io/prad/3bebbf02-cde9-4baf-9be6-b5da42c81309_amazon+campus.jpg?auto=format,compress"},"datetime":"2026-10-29T04:40:00+0000"}}},{"node":{"uid":"200b-ai-boom-ahead","data":{"third_party_url":null,"title":{"text":"$200B AI Boom Ahead?"},"img":{"url":"https://images.prismic.io/prad/xufYZuR1rBUNRB-6_AItech.JPG?auto=format,compress"},"datetime":"2026-10-29T06:25:00+0000"}}},{"node":{"uid":"heavy-rain-triggers-floods-in-srikakulam-district","data":{"third_party_url":null,"title":{"text":"Heavy rain triggers floods in Srikakulam district"},"img":{"url":"https://images.prismic.io/prad/RvbbzwzP1H8mJsWL_heavyrainssrikakulam.JPG?auto=format%2Ccompress&rect=0%2C41%2C449%2C221&w=2028&h=1000"},"datetime":"2026-10-29T05:30:00+0000"}}},{"node":{"uid":"konda-surekha-says-sorry-to-ktr","data":{"third_party_url":null,"title":{"text":"Konda Surekha Says Sorry to KTR?"},"img":{"url":"https://images.prismic.io/prad/Zv2NDLVsGrYSwT_X_ktrkonda.JPG?auto=format,compress&rect=0,0,2028,1000&w=2028&h=1000"},"datetime":"2026-10-29T12:25:00+0000"}}},{"node":{"uid":"virat-kohli-in-scs-green-diwali-pitch","data":{"third_party_url":null,"title":{"text":"Virat Kohli in SC’s Green Diwali Pitch?"},"img":{"url":"https://images.prismic.io/prad%2F3e90079c-a984-4389-b2d2-9e56d9e5cb4f_virat+kohli.jpg?auto=format%2Ccompress&rect=0%2C0%2C1200%2C592&w=2028&h=1000"},"datetime":"2026-10-29T12:25:00+0000"}}},{"node":{"uid":"shock-death-of-para-athlete-neeraj-yadav","data":{"third_party_url":null,"title":{"text":"Shock Death of Para-Athlete Neeraj Yadav"},"img":{"url":"https://images.prismic.io/prad/fLAgAPkF58IWCJ9W_paraathlet.JPG?auto=format%2Ccompress&rect=0%2C38%2C449%2C221&w=2028&h=1000"},"datetime":"2026-10-28T08:32:00+0000"}}},{"node":{"uid":"trump-team-seeks-h-1b-fee-case-delay","data":{"third_party_url":null,"title":{"text":"Trump Team Seeks H-1B Fee Case Delay"},"img":{"url":"https://images.prismic.io/prad/aNFVfZ5xUNkB0-bC_H1Bvisa.JPG?auto=format,compress"},"datetime":"2026-10-28T02:26:00+0000"}}},{"node":{"uid":"noel-tata-to-quit-6-tata-boards","data":{"third_party_url":null,"title":{"text":"Noel Tata to Quit 6 Tata Boards"},"img":{"url":"https://images.prismic.io/prad/ZwkEdIF3NbkBXQof_noeltata.JPG?auto=format,compress"},"datetime":"2026-10-28T09:29:00+0000"}}}]}},"pageContext":{"uid":"elon-musks-wealth-plunges-by-over-600-billion","tags":["politics"]}},"staticQueryHashes":["3710696600"]}