Elon Musk is no longer a trillionaire after sharp declines in SpaceX and Tesla shares wiped out more than $150 billion from his fortune and dragged his net worth below the $1 trillion mark. According to Bloomberg's Billionaires Index, Musk's wealth stood at $957 billion on Wednesday, down from the historic milestone he crossed earlier this month after SpaceX's blockbuster initial public offering propelled him into the trillionaire club.
Shares of Tesla Inc NASDAQ: TSLA are trading around $410 this week, holding on to most of the gains they've logged since hitting a multi-month low in late April. The broader bull case has been well documented, from full self-driving and robotaxis to Optimus and the longer-term robotics ambition.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is having a difficult session, falling 5% to $383 even as other electric vehicle (EV) names are showing far more resilience.
Tesla shares fell sharply on Tuesday after US regulators opened an investigation into a fatal crash in Texas involving one of the company's vehicles, adding fresh scrutiny to the automaker's driver-assistance technology. The stock dropped about 5% in early trading as investors weighed the implications of the investigation against an already challenging backdrop for technology stocks.
Tesla Inc (NASDAQ:TSLA) and energy developer NatPower have signed a multi-year agreement covering more than 25 gigawatt-hours (GWh) of battery energy storage systems across Italy and the United Kingdom, marking the first phase of a broader European deployment program. The initial stage includes five projects that will be owned and operated by NatPower.
On June 22, 2025, Elon Musk's electric vehicle (EV) giant Tesla (NASDAQ: TSLA) achieved a significant self-driving milestone by unleashing its ‘Robotaxis' in Austin, Texas. While an ambitious roadmap for subsequent goals has faced numerous alterations since, the move, nonetheless, helped TSLA stock enjoy a substantial 12-month rise.
Independent energy firm NatPower and Tesla said on Tuesday they had reached a deal to build 25 gigawatt hours of battery storage in Italy and Britain, the first phase of a project worth up to $5 billion.
Elon Musk's EV maker continues to rebuild strength in a region where Chinese rivals are gaining ground.
A fatal weekend crash in which a Tesla plowed through a brick home in Katy, Texas, killing a 76-year-old woman, set off alarm over the company's self-driving technology, but by Monday afternoon, Tesla was fighting back against the framing.
The car's driver-assistance system was in use when the crash killed a woman on Friday, the police said.
In the closing of the recent trading day, Tesla (TSLA) stood at $405.05, denoting a +1.14% move from the preceding trading day.
The National Highway Traffic Safety Administration opened an investigation into a fatal crash last Friday, multiple outlets reported, days after a Tesla driver who was allegedly using his car's Autopilot feature slammed into a woman's house, killing a 76-year-old grandmother.